Stora Enso has signed an agreement to divest its sheeting centre business in Baienfurt, Germany to Pyroll, a Finnish converting firm. The sheeting centre operations started in April 2009 and is 100% owned by Stora Enso. This divestment supports Stora Enso’s growth strategy for its consumer board business, where the focus is to generate value to customers by being the global benchmark in high quality virgin fibre carton board. Running sheeting centre operations is not part of Stora Enso’s core business. The new owner has sheeting operations as its core and is in a better position to further develop Baienfurt. Stora Enso will remain a key customer to the Baienfurt sheeting centre. Click Read More below for additional information.
The Nova Scotia Innovation Hub (NSIH) is announcing the launch of a new initiative aimed at promoting Nova Scotia’s extensive bioeconomy infrastructure to audiences around the world. The Bioeconomy Sites Project showcases industrial sites across the province to national and international firms in the low-carbon renewable resource sector.
“Nova Scotia is uniquely positioned to support bioeconomy initiatives,” said Rod Badcock, Executive Director of the Nova Scotia Innovation Hub. “The infrastructure, talent, and resources that already exist in this province give bioeconomy companies a head start, allowing them to grow and succeed more quickly and easily. The Bioeconomy Sites Project is part of our efforts to showcase to the world what Nova Scotia has to offer.”
As part of the rollout of the project, NSIH created the website nsbioeconomysites.com that highlights industrial sites across the province that can foster and support new initiatives or host existing businesses looking to expand. The site also includes resources for organizations looking to learn more about why Nova Scotia is well-positioned to be a leader in the transition to a low-carbon future.
“Nova Scotia’s vibrant renewable resource sectors make it an excellent location for biotechnology and bioresource firms,” says Geoffrey Clarke, Director of Business Development for Port Hawkesbury Paper, one of the locations profiled on the site. “This exciting new medium will showcase Nova Scotia to international investors and encourage innovation and collaboration within the province.”