Stora Enso

Mission: To promote communication and the well-being of people by turning renewable fiber into paper, packaging, and processed wood products. Key Dates: First documentary evidence of mining at the copper mountain near Falun, Sweden. Early 19th century:Stora begins producing pig iron and bar iron, and later moves into forest products. Mining, iron, and wood activities are combined within a single company, Stora Kopparbergs Bergslag. Stora Kopparbergs Bergslag becomes a limited share company; Enso Träsliperi Aktiebolaget is born through the building of the first groundwood mill on the Vuoksi River. Stora becomes part of the Wallenberg empire with the appointment of Marcus Wallenberg, Sr., as chairman. 1939-40:Enso-Gutzeit suffers heavy damage in Soviet attacks on Finland; 1940 territorial concessions lead to loss of significant facilities and forestland. Stora begins overseas expansion with the building of a pulp mill in Nova Scotia, Canada. Stora begins focusing on forest products through divestment of specialty steel unit. Stora purchases majority control of a Chinese fine paper mill, Suzhou Papyrus Paper; Stora and Enso merge to form Stora Enso Oyj. Stora Enso announces that it will acquire Consolidated Papers, Inc. of the United States.