SOURCE: Stora Enso Oyj

June 14, 2007 07:02 ET

Stora Enso is starting co-determination negotiations at Kemijärvi due to wood shortage in Finland

HELSINKI, FINLAND--(Marketwire - June 14, 2007) - Stora Enso Oyj News Release June 14 2007 at 11.00 GMT

HELSINKI, Finland - Stora Enso (NYSE: SEO) today announced that Stora Enso is starting co-determination negotiations concerning possible temporary lay-offs of personnel at its Kemijärvi pulp mill in Finland due to the shortage of wood.

The wood shortage has been caused by the short and mild winter in Finland, Sweden and Russia, which adversely affected harvesting conditions. Reductions in wood exports from Russia, particularly for birch pulpwood, and additional export duties on roundwood announced by Russia are also aggravating the wood supply situation.

For further information, please contact:
Kai Korhonen, SEVP, Packaging Boards, tel. +358 2046 21496
Kari Vainio, EVP, Corporate Communications, tel. +44 7799 348 197
Keith B Russell, SVP, Investor Relations, tel. +44 7775 788 659

Jyrki Kurkinen                          Ulla Paajanen-Sainio

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