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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Sweden : € 200,000,000
    Industry : € 200,000,000
    Signature date(s)
    28/06/2005 : € 200,000,000
    Link to source

    Summary sheet

    Release date
    30 November 2004
    Status
    Reference
    Signed | 28/06/2005
    20040090
    Project name
    Promoter - financial intermediary
    Stora Enso Kvarnsveden (Sweden)
    Stora Enso Oyj
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 150 m
    Approximately EUR 477 m
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the installation and operation of a new uncoated magazine paper machine (super-calendered SC) with a capacity of 430 kt/yr. The paper machine will be installed in Kvarnsveden mill, an existing pulp and paper production site, in Borlänge.

    The proposed investment is an integral part of the promoter’s restructuring plan to improve its competitiveness in the uncoated paper segment. It supports an experienced and competent promoter with a long history in the sector. The project supports the promoter’s growth strategy as one of the leading forest industry companies in Europe. The investment will be located in Central Sweden (Objective 2 area).

    Environmental aspects
    Procurement

    The project falls under Annex 1 of the 97/11 EU Directive on EIA. Swedish Law requires a full EIA, which has been completed. Full details will be assessed during appraisal, including the Natura 2000 requirement.

    Public procurement rules and regulations do not apply to this private industry project. The promoter carries out competitive international consultations among potential suppliers for goods and services, which is standard practice for this industry.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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