(RTTNews) -
Stora Enso (SEOAY.PK:
News ) announced that it is restarting production at Sunila Pulp Mill in Finland.
Following the decision to restart production at Sunila Pulp Mill, Stora Enso is releasing about EUR 10 million of restructuring provision recorded in the third quarter of 2009. The amount released will be recorded as a positive non-recurring item in the fourth quarter 2009 financial results.
Sunila Pulp Mill at Kotka has been temporarily shut down since April 2009. The co-determination negotiations that commenced when the initial closure plans were announced in August 2009 have concluded, and production at the mill is scheduled to resume by the end of the year.
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by RTT Staff Writer
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