Stora Enso Divests Three Packaging Plants in Russia

Finnish paper and forestry company Stora Enso Oyj said Monday that it has divested its three corrugated packaging plants in Russia to local management.

The divested sites–Lukhovitsy, Arzamas and Balabanovo–employ around 620 people and primarily produce corrugated packaging for grocery, home improvement, confectionery and pet food segments in the domestic Russian market.

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