The rebuilt paper machine 6 at Maxau Mill started up in September 2004.

Stora Enso’s asset restructuring proceeded according to plan in 2004. Asset quality is under constant review and restructuring is an ongoing process in the Group.

Stora Enso has considerably increased the quality of its assets and the Group is now in an excellent position to benefit fully from its high-quality machines. The aim is to be as cost-efficient a producer as possible, and productivity is under constant surveillance. Excellence 2005 is an internal programme that is securing cost savings and quality improvement in parallel with the ongoing asset restructuring.

Maxau PM 6

Major rebuilding of Maxau paper machine 6 in Germany, which produces super-calendered SC-B paper from recovered fibre, was completed and the machine started up in September. Its annual capacity has been increased by 120 000 tonnes to 260 000 tonnes at a total cost of EUR 168 million.

A major ongoing project is the new PM 12 at Kvarnsveden in Sweden with annual capacity of 420 000 tonnes of high-quality SC paper. The total investment will be EUR 450 million and the start-up is scheduled for the end of 2005.