Finnish forestry firm Stora Enso on Tuesday said it's starting a process which may lead to the sale of four of the company's paper mills.
The four facilities include Stora Enso's Anjala paper mill in Finland, as well as the Hylte and Nymölla mills in Sweden and the Maxau mill in southwest Germany — all of which are paper and pulp production plants.
The company noted that the Langerbrugge plant in Belgium will not be sold.
The decision to sell the four plants is based on the company's strategic goals to focus on packaging, building solutions and biomaterial innovations — while also moving away from a reliance on paper.
Stora Enso currently has five paper mills, which employ a total of about 2,200 people, 300 of whom work at the Anjala plant in southern Finland.
In 2021, the turnover of the firm's paper division was about 1.7 billion euros.
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