Stora Enso gets 200m euro loan

Stora Enso said it signed a loan agreement with the European Investment Bank worth 200 millon euros, to help finance the company's new paper machine investment at Kvarnsveden Mill in Sweden.

“Stora Enso is currently building a new paper machine at Kvarnsveden Mill with annual production capacity of 420,000 tonnes of high-quality super-calendered (SC) paper,” it said in a statement.

The machine is expected to start up at the end of 2005.