POLAND – Stora Enso has invested €30 million ($32.56M) to upgrade and expand its corrugated packaging production in Ostrołęka, Poland, where it already has a strong presence.
Stora Enso’s corrugated products are currently used across various industry segments, including food and beverage, electronics, furniture, and e-commerce.
This investment reinforces Stora Enso’s position as a leading provider of renewable materials, offering new cost-competitive capacity.
The addition of a new 2.8-meter-wide corrugator and other upgrades in Ostrołęka will help meet the growing demand for sustainable packaging solutions and improve operational efficiency. The investment will also enhance the company’s integration with its containerboard business.
“We aim to be the first-choice partner for European corrugated packaging solutions. This investment demonstrates our dedication to strengthening our position in this area and serving our customers more efficiently through our modernized production in Poland,” says Ad Smit, EVP Packaging Solutions division, Stora Enso.
Stora Enso appoints Niclas Rosenlew as new CFO
In related news, Stora Enso has appointed Niclas Rosenlew as the Group’s Chief Financial Officer, replacing Seppo Parvi, who will be pursuing a career outside the company.
Additionally, Carolyn Wagner has been appointed Executive Vice President of the Packaging Solutions division, succeeding Ad Smit, who will retire.
Both Niclas Rosenlew and Carolyn Wagner will join Stora Enso in January 2025 and become members of the Group Leadership Team.
Niclas Rosenlew has served as the Group CFO at SKF, a Swedish industrial company, since 2019. He previously held the CFO position at Basware and senior finance roles at Microsoft and Nokia. He holds a Master of Science degree in Finance.
“I am delighted to welcome Niclas Rosenlew as Stora Enso’s new CFO. His extensive experience in leading, developing, and reshaping large international organizations will be invaluable to Stora Enso’s continued growth and value creation,” says Hans Sohlström, Stora Enso’s President and CEO.
“We extend our utmost gratitude to our current CFO, Seppo Parvi, for his dedicated service over the past decade and wish him success in his new professional role.”
Carolyn Wagner is currently the Divisional CEO of the Packaging Division at the German Klingele Paper & Packaging Group.
Carolyn holds a graduate engineering degree in packaging technology and has previously held senior positions at other European corrugated packaging companies, including DS Smith and SCA.
“Carolyn’s strong insight into the packaging industry will be crucial in developing and advancing our packaging solutions business. I want to thank Ad Smit for his key role in integrating De Jong Packaging Group into our existing packaging solutions business after the acquisition and wish him all the best for the future,” says Sohlström.
“I am thrilled about the opportunity to join Stora Enso and contribute to its success,” says Niclas Rosenlew.
“It is with great pleasure that I take up my new position at Stora Enso. With exciting opportunities ahead, our goal is to lead the industry, enhance sustainable growth, and offer superior global products and services,” concludes Carolyn Wagner.
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