{"id":3358,"date":"2024-10-24T04:17:28","date_gmt":"2024-10-24T08:17:28","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=3358"},"modified":"2024-10-24T04:17:28","modified_gmt":"2024-10-24T08:17:28","slug":"stora-enso-halts-plan-to-sell-beihai-packaging-board-production-site","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=3358","title":{"rendered":"Stora Enso halts plan to sell Beihai packaging board production site"},"content":{"rendered":"


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Stora Enso operates liquid packaging board production facilities in Imatra and Skoghall. Credit: Jeppe Gustafsson via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Stora Enso has ended its plan to divest the Beihai packaging board production site and forestry operations in China.\u00a0<\/p>\n

The company announced the sale process of these operations in December 2022 as it aims to focus in the fibre-based packaging market.\u00a0\u00a0<\/p>\n

Stora Enso opted to retain the businesses as it believes that the intrinsic value of retaining and utilising these assets surpasses the potential proceeds from a sale.\u00a0<\/p>\n

To this end, the Beihai site will undergo development focusing on operational efficiency, cost reduction, and product innovation.\u00a0<\/p>\n

Plans for the facility include altering its product range to boost the production of liquid packaging boards and other high-value products.\u00a0\u00a0<\/p>\n

This strategy aims to reinforce Stora Enso\u2019s status as a worldwide supplier without necessitating significant capital investment in the near future.\u00a0<\/p>\n

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