Stora Enso Further Curtails Production in Wood Products

As already announced in connection with the Group's third quarter 2007 results, market conditions remain difficult in Wood Products due to the temporary oversupply and high inventories in its main markets. Deliveries and prices for wood products are depressed, so the profitability of this segment in the fourth quarter of 2007 is expected to be significantly lower than in the fourth quarter of 2006.

In response to these conditions, Stora Enso is now further increasing its curtailments of production of sawnwood and glue-laminated posts and beams in Austria, the Baltic States and Finland in the fourth quarter of 2007 and early 2008. The target temporary curtailment is about 120 000 m³ in glue-laminated products and about 500 000 m³ in mainly whitewood sawnwood.

For further information, please contact:

Hannu Ryopponen
Deputy CEO and CFO
tel. +44 20 7016 3114

Peter Kickinger
Executive Vice President
Stora Enso Timber
tel. +43 664 182 5348

Kari Vainio, EVP
Corporate Communications
tel. +44 7799 348 197

More from Laboratory and Research Supplies and Equipment

All Topics