Stora
 |
|
| Julkinen osakeyhtiö | |
| Traded as |
Nasdaq Helsinki: STEAV Nasdaq Helsinki: STERV |
| ISIN | FI0009005953, FI0009005961 |
| Industry | Paper and packaging |
| Founded | 1998 (1347) |
| Headquarters | Helsinki, Finland |
|
Key people
|
Jorma Eloranta (Chairman), Karl-Henrik Sundström (CEO) |
| Products | Packaging board, biomaterials, wood products and paper |
| Revenue | €9.802 billion (2016) |
| €783 million (2016) | |
| Profit | €407 million (2016) |
| Total assets | €12.326 billion (end 2016) |
| Total equity | €5.868 billion (end 2016) |
| Owners |
Government of Finland (37.4% of voting rights, 27.3% via Solidium and 10.1% via Social Insurance Institution of Finland) FAM AB (27.3% of voting rights) |
|
Number of employees
|
25,000 (2016) |
| Website | www.storaenso.com |
Stora Enso Oyj (Swedish: [stuːra] and Finnish: [enso]) is a pulp and paper manufacturer headquartered in Helsinki, Finland, with significant operations in four continents. The company was formed by the merger of Swedish mining and forestry products company Stora AB and Finnish forestry products company Enso Oyj in 1998. It has approximately 25,000 employees (2016). For 2014, Stora Enso was ranked fifth in the world by sales, among forest, paper and packaging industry companies. The first share of the company dates back to 1288, and it is claimed that Stora Enso is thus the oldest limited liability company in the world.
Stora Enso was formed by the merger of Swedish mining and forestry products company Stora and Finnish forestry products company Enso Oyj in 1998.
The Swedish copper mining company Stora Kopparberg ("great copper mountain") in Falun was granted a charter from King Magnus IV of Sweden in 1347, although the oldest preserved share in the company (granting the Bishop of Västerås 12.5% ownership) dates from 1288. Some claim this to be the oldest existing corporation or limited liability company in the world.
For some periods during the 17th century, the mine provided two thirds of the world production of copper. In the 18th century, the copper mining gradually decreased in importance, and therefore, in 1731, the company bought its first iron ore mine. By the 1860s, iron ore was economically more important to the company than copper.
Stora Kopparbergs Bergslags AB was incorporated as a modern shareholder company in 1862. Towards the end of the 19th century, it diversified from mining and entered pulp and paper production. In the 1970s, most of the mining and steel mill operations of the company were divested, and the focus changed to forestry-related activities. In 1984, the company name was shortened to Stora AB. The copper mine closed down in 1992.
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Wikipedia