Stora Enso Secures €435 Million EIB Loan to Bolster Renewable Packaging Growth

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Stora Enso has secured a €435 million bilateral loan from the European Investment Bank (EIB) to further its investment in renewable, fiber-based consumer packaging board.

This strategic move is part of the company’s broader €1 billion investment into its Oulu mill in Finland, which aims to position Stora Enso at the forefront of sustainable packaging solutions.

This financial infusion is crucial for the Oulu mill’s transformation, which is slated to commence operations with a state-of-the-art, converted consumer board production line in the first half of 2025. Once operational, the mill is expected to be one of Europe's most advanced and cost-efficient production sites for packaging materials.

About Stora Enso

Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world.