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 The most important single investment during 2002 concerned construction work at Langerbrugge Mill, due for completion in spring 2003. The new paper machine at Langerbrugge will exclusively use recovered fibre. Total investments will amount to EUR 500 million, of which 40% is classified as environmental investment.
Hylte Mill has invested EUR 22 million in a new waste water treatment plant installed during 2002. Stora Enso has invested a total of EUR 9 million on water treatment measures at Varkaus Mill, while Sachsen Mill invested EUR 3 million in rebuilding the mill's waste water treatment plant.
In 2002, Stora Enso spent a total of EUR 250 million
on environmental investments and costs, compared to
EUR 235 million in 2001. This spending includes capital
expenditure as well as operating and maintenance costs,
but excludes interest and depreciation. Total environmental
investments amounted to EUR 66 million, while environmental
costs totalled approximately EUR 184 million.
Estimates indicate that a total of EUR 55 million will be required to cover future corporate environmental liabilities. Clean-up work on contaminated soil in landfill at Huuna, where traces of PCB, furan and dioxin compounds had been detected, was finished during 2002. The related implementation also includes remediation projects such as decommissioning activities at the Falun Mine, the cleanup of mercury contamination at the former chloralkali plant at Skoghall and the final safe disposal of mercury at Skutskär harbour.
There are currently no active or pending legal claims concerning environmental issues which could have a material adverse effect on Stora Enso's financial position.
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