The study will evaluate the profitability of manufacturing paper for Russian consumers from Russian wood.
The move comes off the back of findings from a recently completed pre-feasibility study, which began in July 2007, that supported the viability of paper manufacturing at the Russian site.
It is expected the study will be completed by April 2009. If the results are favourable, preconditions are met and permits made, the company's board of directors will consider the final decision on implementation.
Earlier this month, Stora Enso finalised the divestment of its merchant business Papyrus to Altor for €640m (£498m).
The unit was divested as part of Stora Enso's strategy of focusing the business portfolio of the group.
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"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
"Hello Keith,
The details will be in the administrators' report but that's not available yet. I will write a follow-up piece when that's filed.
Best regards,
Jo"
""The terms of the deal were not disclosed."
Here we go again. Why is it that administrators are not obliged to reveal the terms of a pre-pack deal?"
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