Release date: 30 November 2004
Promoter – Financial Intermediary
Stora Enso OyjLocation
Description
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.
Objectives
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).
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 150 m
Total cost (Approximate amount)
Approximately EUR 477 m
Environmental aspects
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.
Procurement
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.
Status
Signed - 28/06/2005
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).