The proposed separation is part of Stora Enso’s long-term effort to sharpen its strategic focus.
The newly acquired operations will now be integrated into Stora Enso’s Oulu site.
Performa Nova is produced using Stora Enso’s proprietary FiberLight Tec technology.
This improvement primarily resulted from higher prices, alongside increased volumes, favourable foreign exchange rates.
The new line is expected to achieve full capacity by 2027, generating annual sales of approximately €800 million