Stora Enso is restructuring its Business Areas to combine Newsprint and Book Paper, Magazine Paper and Fine Paper into one Business Area and reporting segment called Printing and Reading.

The reporting segments Consumer Board and Industrial Packaging will form the Renewable Packaging Business Area and Reporting Segment. A new Business Area and Reporting Segment called
Biomaterials is established comprising mainly the Company’s joint-venture pulp mills, stand-alone pulp mills and wood plantations. The Wood Products Business Area will be renamed as Building and Living.

The Printing and Reading segment is  headed by EVP Juha Vanhainen

“We are organising our businesses based on the different markets and customers they serve. The aim is to increase our organisation’s competitiveness, flexibility, speed and accountability, and to minimise interdependences between the businesses to ensure that we have the ability and agility to seize opportunities arising from the changes in the global economy,” says CEO Jouko Karvinen.