

No decisions regarding the planned closure and employee reduction will be taken until the change negotiations have been concluded. The closure would take place during the fourth quarter of 2023 and affect an estimated 110 people. To proceed with this plan, Stora Enso will start change negotiations concerning all employees at the integrated Anjalankoski site, including the Anjala paper unit and the Ingerois board unit. The planned closure of the line producing uncoated mechanical grades would reduce the site’s annual capacity by 250,000 tonnes and sales with approximately EUR 100 million. With the remaining paper machine, the Group would be able to continue producing its selection of book paper grades. Due to prevailing weak paper demand and high input costs, Stora Enso has initiated a plan to concentrate all book paper production to one line. Today, the Anjala production unit produces coated and uncoated book papers, coated magazine paper and improved newsprint on two machines. The Anjalankoski site in Finland includes the Ingerois packaging board production unit and the Anjala paper production unit. The Group will start change negotiations concerning all employees at the integrated Anjalankoski site.

Stora Enso plans to consolidate its book paper production and permanently close one of the two paper machines at Anjala in Finland.
