The feasibility study will evaluate the profitability of the possible expansion, as well as integration benefits and design criteria for the plant. The investment under study would be cost competitive and would have synergies with the existing mill in Gruvön. The findings of a recently completed pre-feasibility study supported continuation of the process. The feasibility study is expected to be completed by the end of 2016. If the investment is approved following the feasibility study, the capital expenditure for the expansion is estimated to be in the range of EUR 30−34 million, which falls within the group’s long term capital expenditure policy of keeping capital expenditure into fixed assets approximately at the same level as depreciation. In addition to fixed asset investments, Stora Enso invests approximately EUR 100 million annually in biological assets.
The American Forest & Paper Association (AF&PA) today released the 58th Annual Survey of Paper, Paperboard and Pulp Capacity, reporting U.S. paper and paperboard capacity declined 0.3 percent in 2017.
Containerboard capacity continued to increase, rising 1.9 percent in 2017 to a record 38.9 million tons. Containerboard accounted for 46.2 percent of U.S. paper and paperboard capacity in 2017.
Tissue paper capacity is on a long-term expansionary trajectory, approximately in line with U.S. population growth, and rose 0.2 percent in 2017. Four tissue paper machines started production in 2017. Those capacity additions were partly offset by two mill closures that same year.
Reflecting displacement from digital media, capacity for newsprint and printing-writing papers continued to decline in 2017. Three mills and six machines producing these grades were permanently closed that year.
The annual survey reports U.S. industry capacity data for 2017 and 2018 for all major grades of paper, paperboard and pulp, as well as fiber consumption, based on a comprehensive survey of all U.S. pulp and paper mills. Survey data includes responses from companies representing 87 percent of U.S. paper and paperboard industry capacity, with estimates completing the data set.