Stora Enso Income Go Down

Stora Enso, the biggest European paper and cardboard maker announced that its income in the II quarter 2008 will go down due to the growing expenses and decreasing revenues. The company’s wood processing division faces the problems. The Finnish company disclosed its plans to cut the production (temporarily or finally) in the second half of 2008. The situation is aggravated by the increased export duties for roundwood.

Source: Bumprom.ru, France Presse