SOURCE: Stora Enso Oyj

September 28, 2007 03:18 ET

Stora Enso starts pre-feasibility study for a world-class pulp and paper mill in Russia

HELSINKI, FINLAND--(Marketwire - September 28, 2007) - Stora Enso Oyj News Release September 28, 2007 at 07.00 GMT

HELSINKI, Finland - Stora Enso (NYSE: SEO) today announced that as announced on 4 October 2006, Stora Enso will close down Reisholz Mill by the end of 2007. The mill's two paper machines will be scrapped. Stora Enso has now signed an agreement to divest its Reisholz Mill site real estate to Slough Estates, a real estate company based in the United Kingdom. The asset disposal will improve Stora Enso's third quarter 2007 operating profit by EUR 10 million. This will be recorded as a positive non-recurring item in the third quarter 2007 results.

The land will be used as a logistics centre and a non-paper industrial site.

Reisholz Mill produces improved super-calendered (SC) papers and has a total annual capacity of 215 000 tonnes.

For further information, please contact:
Bernd Rettig
EVP, Country Manager Germany
tel. +49 211 581 2310

Kari Vainio
EVP, Corporate Communications
tel. +44 7799 348 197

Keith B Russell
SVP, Investor Relations
tel. +44 20 7016 3146

Ulla Paajanen-Sainio
VP, Investor Relations and Financial
tel. +358 40 763 8767

Previous press releases concerning Stora Enso's recent major projects in Germany are available at

- 4 October 2006: Stora Enso intends to close down its Reisholz and Berghuizer mills

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