Latest edition: 20 June 2025
Latest edition: 20 June 2025
Stora Enso will provide an update on the strategic review by the end of 2025.
The factory in question is the Clay Cross site, which has nearly 140 jobs at risk.
The breakthrough is made possible by their proprietary material Vivomer, a plastic-free substance derived from waste biomass.
The investment aims to expand production capacity and cater to the growing market demand.
The company entered into a transaction with a series of new and existing investors.
New York State supported the expansion project with an investment of $8m.
The loan agreement, structured in two floating and two fixed-rate tranches, will mature over five and seven years, respectively.
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