Stora Enso is going to Build a 54 Million Euro
Packaging Plant in the Moscow Region

Finland's Stora Enso Packaging Company will build a corrugated packaging plant in Lukhovitsy, Moscow region, that will produce 150 million square meters of corrugated board a year, the company said in a press release. Total investment in the project is estimated at 54 million euros.

Construction of the plant will begin in September 2006, with production starting up in the first quarter of 2008.

The new plant will serve the growing demand for high-quality packaging in Russia, especially in the Moscow region. Customers will be mainly in the food, beverage, cigarette and electronics industries, representing both international and Russian brands,

Stora Enso already has two corrugated packaging plants in Russia. The first plant started operations at Balabanovo in 1998 and the second at Arzamas in 2004. The two plants have 450 employees and produced a total of 215 million square meters of corrugated packaging board in 2005.

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