Low paper prices reduce Stora Enso’s profits. Overcapacity in the European market and insufficient demand are considered to be a major factor. CEO, Jouko Karvinen, highlights the need to keep its European business strong to fund planned mill construction in China and Uruguay – regions with considerable growth.
Uruguay
Name
Uruguay
ISO
UY
Region
Latin America
Risk
Deforestation
No
Transhipment
No
Labour Rights & H&S
No
Environment
No
Biodiversity
Yes
Forest Area
Land Area
17,502,000
ha
Forest Area
1,867,740
ha (10.7%)
FSC Forest Area
972,956
ha (52.1%)
FSC CoCs
19
PEFC Forest Area
601,909
ha (32.2%)
PEFC CoCs
270
Paper Mills 1
| Mill |
|---|
| Fanapel Tapebicuá Group |
Forest Legislations 2
Stora Enso Q1 profit halves to $97 million
Business Week, 24 Apr 2012