Industry News

Stora Enso forms new Packaging Materials Div. with merger of industrial, consumer board groups

Stora Enso is merging its container board business in the Packaging Solutions division with the Consumer Board division, creating a new Packaging Materials division. The remaining business in Packaging Solutions together with Stora Enso’s recently created formed fiber unit, will constitute a more focused Packaging Solutions division. The change is effective Jan. 1.

Based on the new structure, 2018 sales for the Packaging Materials division were approximately EUR 3.4 billion and for Packaging Solutions EUR 700 million. The restated figures for the new divisional structure will be published during Q1 2020.

Hannu Kasurinen is appointed EVP, Head of Consumer Board and member of the Group Leadership Team, with immediate effect and as of Jan. 1, EVP, Head of Packaging Materials. Gilles van Nieuwenhuyzen will leave his position as EVP Packaging Solutions on this Friday to pursue new career opportunities outside the company. The search for a new divisional head for Packaging Solutions will be initiated. David Ekberg, currently SVP and Head of Business Unit-Corrugated Nordics in the division, is taking on the role as acting Head of Packaging Solutions as of Friday.

“As the development towards a circular bioeconomy is accelerating in society, we are creating an organization that further strengthens our ability to drive innovation and sustainability with a common agenda. The Packaging Materials division will provide an even stronger customer offering for converters, brand owners and retailers containing both virgin and recycled board material. For Packaging Solutions, we are increasing our focus on growing new services and packaging solutions as well as innovation collaborations throughout the value chain for developing new renewable packaging. One example is our new formed fiber business, which will be included in the Packaging Solutions division. We will also be able to focus more on renewable packaging design,” says Stora Enso President and CEO Annica Bresky.

More info: storaenso.com

Read more: Stora Enso forms new Packaging Materials Div. with merger of industrial, consumer board groups


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