Saturday, January 28, 2017
Innovative & Sustainable Alternativesays Jari Suominen, EVP, Head of Stora Enso’s Wood Products division.
Best Use of Available Resources
At Hylte Mill, Stora Enso can make best use of the resources available: an industrial infrastructure, the local supply of raw material and a highly competent workforce. The estimated total employment impact for Hylte is 20 FTE’s.
Once finalized, the investment will increase Stora Enso’s Wood Products sales by approximately EUR 25 million and will exceed the division's profitability target, operational return on operating capital (ROOC) of 18%. The biocomposite business will belong to the Wood Products division.
Biocomposite granules are a mix of wood fibers, polymers and additives and are used as raw material for injection molding and the extrusion of products traditionally manufactured solely from plastic. The material can be used in a wide range of products from consumer goods (dish brushes, pots, etc.) to industrial applications, such as pallets or load bearing structures reinforced by glass fiber.
Source: Stora Enso