16 May 2022 --- Stora Enso has become the latest packaging leader to pull out of Russia, divesting its three corrugated packaging plants in the country. The company says that local ownership and operation will provide a more sustainable long-term solution for these businesses and their respective employees due to uncertainties in the Russian market. Accordingly, its Lukhovitsy, Arzamas and Balabanovo packaging plants have been divested to local management.
