Stora Enso is investing EUR 8 million to double its production capacity of formed fiber in Europe. With new machinery in Hylte, Sweden, Stora Enso will meet the increasing demand for formed fiber. The investment further strengthens Stora Enso’s position as a leading provider of renewable materials that replace fossil-based ones. Stora Enso’s formed fiber products are currently being used in food packaging such as bowls, trays and lids. The technology is also being used for the development of fiber bottles. After the investment is completed, the Hylte site’s annual formed fiber capacity will grow from 50 to approximately 115 million units of product, making Stora Enso one of Europe’s leading suppliers of formed fiber. Formed fiber is renewable, recyclable, and biodegradable, and can be used to replace plastics in a wide range of applications. PureFiber™ by Stora Enso is a range of formed fiber products that contain no per- and polyfluoroalkyl substances (PFAS) and has up to 75% lower CO2 footprint compared to alternative packaging materials such as plastic or bagasse.
Stora Enso appoints Ad Smit as Executive Vice President of the Packaging Solutions division and a member of the Group Leadership Team. He will start on 1 December 2023 and report to Hans Sohlström, President and CEO of Stora Enso.
Ad Smit is a Dutch citizen and will be based in the Netherlands. He has led the Business Unit Western Europe within Stora Enso’s Packaging Solutions division since January 2023. He has over 30 years of business leadership experience in the packaging industry. From 2012, Ad was the CEO of De Jong Packaging Group, which Stora Enso acquired in January 2023. Prior to that he held various Managing Director positions leading packaging divisions and units at Smurfit Kappa Group for over 20 years.
“I’m delighted to welcome Ad Smit to Stora Enso’s leadership team. Ad has extensive experience and a successful track record in the packaging business. He is well placed to both lead the Packaging Solutions division and to optimise the integration and synergies with De Jong Packaging Group,” says Hans Sohlström.
more at: https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2023/10/change-in-stora-ensos-group-leadership-team