ND Paper is proud to announce we have been honored as the Foreign Direct Investor of the Year Award by the Maine International Trade Center (MITC). The award, which ND Paper’s CEO Ken Liu will accept on May 24 during the Maine International Trade Day event in Portland, Maine, recognizes foreign-owned companies that have made a strategic decision to invest in Maine by either opening a new facility or enhancing their existing operations. We’re on track to reopen the Old Town mill this year, and are making strategic investments to ensure the Rumford mill continues to operate safely and efficiently for decades to come. “What’s exciting about ND Paper is they are bringing a 100-year outlook to these mills, so our focus has switched from surviving to thriving,” said Vice President and Rumford General Manager Randy Chicoine. “These investments give the communities hope and the next generation hope of a future in the pulp and paper industry.” Click Read More below for additional detail.
Stora Enso will divest its Hartola production unit to the Finnish wood products company Pyhännän Rakennustuote Oy. The Hartola unit in Finland produces pre-fabricated wooden housing modules and is part of Stora Enso’s Wood Products division.
In addition to the divestment agreement, Stora Enso and Pyhännän Rakennustuote have signed a partnership agreement which aims to further increase the use of wood in construction. The financial effects of the transaction on Stora Enso are not significant.
“This transaction supports the growth of both companies. We will continue providing Pyhännän Rakennustuote with massive wooden construction materials from classic sawn goods to elements such as cross laminated timber (CLT) and laminated veneer lumber (LVL),” says Jari Suominen, Head of Stora Enso’s Wood Products division. “We will create a strong partner network to provide competitive offerings and to promote the use of wood in construction.”
In spring 2016 Stora Enso launched Building Systems by Stora Enso in Central Europe. This architectural guideline is linked to building systems that aim to increase the use of wood as construction material. These systems will be launched in Finland and Scandinavia in the second half of 2016.
“With our newly launched Building Systems and the new LVL line in Varkaus complementing our existing product portfolio, we are ready to grow with our partners,” says Jari Suominen.