Stora Enso draws EUR 140 million loan for research and development projects
September 24 2013 - 11:51PM
OTC Markets
Stora Enso
draws EUR 140
million loan for
research and development projects
STORA ENSO OYJ STOCK
EXCHANGE RELEASE 24 September 2013 at 9.00
EET
Stora Enso has drawn a EUR 140
million seven-year loan from the European Investment Bank (EIB) to
be used for research and development. The interest rate of the loan
is 3.3%.
?We have had long and fruitful co-operation with EIB. This is Stora
Enso?s third loan from EIB to be used for the Group?s research and
development projects. The terms of the loan are competitive,? says
Stora Enso acting CFO Jyrki Tammivuori.
?Stora Enso invested EUR 81 million in research and development in
2012. The Group?s R&D platforms include bio-based barriers,
micro materials, composites, biochemistry and separation
technology, and wood-based building solutions. About fifty patent
applications were registered in 2012,? says Bernd Rettig, Senior
Vice President, Group R&D and capital
investments.
For further
information, please contact:
Jyrki Tammivuori, acting CFO, tel.
+358 2046 21043
Ulla Paajanen-Sainio, SVP, Investor
Relations, tel. +358 2046
21242
www.storaenso.com
www.storaenso.com/investors
Stora Enso
is the global rethinker of the paper, biomaterials, wood products
and packaging industry. We always
rethink the old and expand to the new to offer our customers
innovative solutions based on renewable materials. Stora Enso
employs some 28 000 people worldwide, and our sales in 2012
amounted to EUR 10.8 billion. Stora Enso shares are listed on
NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In
addition, the shares are traded in the USA as ADRs (SEOAY) in the
International OTCQX over-the-counter
market.
STORA ENSO
OYJ
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