Stora Enso has signed an agreement to divest its paper mill in Hylte, Sweden and all its related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The enterprise value is approximately EUR 18 million.
The Hylte Mill in southwest Sweden is one of the largest newsprint mills in the world, and has the capacity to produce 245,000 tonnes of high-quality newsprint per year, along with biocomposites and formed fibre products.
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