Everything about Stora Enso totally explained
Stora Enso Oyj () is a
Finnish–
Swedish pulp and paper manufacturer, formed by the merger of Swedish mining and forestry products company
Stora and Finnish forestry products company
Enso-Gutzeit Oy in
1998. It is headquartered in
Helsinki, and it has approximately 46,000 employees. In
2002 it was the fifth largest pulp and paper manufacturer in terms of
revenue and in
2005 it was the world's largest pulp and paper manufacturer in terms of production capacity. The Finnish State is the biggest shareholder in the company.
Stora, oldest limited company in the world
Stora was, by one count, the oldest existing
corporation or
limited liability company in the world. Originally known as
Stora Kopparberg, it was granted a charter from King
Magnus IV of Sweden in
1347. The first
share in the company is however dated already in
1288 and mining in the mountain had started possibly much earlier.
Enso
Enso-Gutzeit Oy was founded in the 19th century in
Norway as
W. Gutzeit & Co. by
Wilhelm Gutzeit, the half-brother of industrialist
Benjamin Wegner. His son
Hans Gutzeit moved the company to Finland, where it became the largest forestry company in the country.
Enso-Gutzeit Osakeyhtiö bought
A. Ahlström Osakeyhtiö’s forest industries at
Varkaus in
December 1986. In 1995 a decision was made to merge two state owned forest giants together. The merger materialized next year when Enso-Gutzeit Oy and North Finland based Veitsiluoto Oy formed Enso Oy.
In 2000, the company acquired the U.S. company
Consolidated Paper. In the same year, Stora Enso and
AssiDomän formed a joint company,
Billerud AB, to produce packaging paper.
Further Information
Get more info on 'Stora Enso'.
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