15 Jul 2024 --- Stora Enso has signed a €435 million (US$473.6 million) bilateral loan with the European Investment Bank (EIB) to bolster its growth in renewable, fiber-based consumer packaging boards. The new long-term bilateral loan partially finances Stora Enso’s €1 billion investment in its Oulu mill in Finland. The company expects to begin operations at the mill with a novel, converted consumer board production line in the first half of 2025.
