#Finland #Helsinki #Stora Enso #Sawmills #Central Europe

Stora Enso Finalizes Strategic Review

On November 10, 2026, Stora Enso announced the conclusion of its strategic review regarding its Central European sawmills and building solutions operations. This review, initially announced in November 2025, aimed to evaluate the performance and future potential of Stora Enso's locations in Austria, Czechia, Poland, and Lithuania.

The main findings of the review identified significant opportunities for enhancing profitability. Consequently, the company made the decision to continue operations in this sector while implementing measures designed to streamline and improve efficiency within the business unit. The review covers a total of seven sawmills, three cross-laminated timber (CLT) mills, as well as wood procurement, and their international sales and distribution networks.

Hans Sohlström, President and CEO of Stora Enso, expressed confidence in the decision, stating, "After a thorough review, we are confident that in the continued challenging market environment, this is the best solution for our customers, employees, shareholders, and the business. We will continue with our own actions to improve profitability and strengthen the competitiveness of the business."

While the company plans to retain its operations, the moves to streamline may lead to significant adjustments in the workforce. Stora Enso anticipates that around 250 employees may be affected by the restructuring efforts as the organization adapts to changing market conditions and seeks to enhance its overall operational performance.

As part of the profitability improvement actions, Stora Enso will close one production line at the Brand sawmill located in Austria. This closure, expected to be finalized by the end of Q1 2027, has been attributed to the need for substantial investments in maintaining the small log line. However, the company assures that wood procurement and other production lines will continue as usual, and customers reliant on the small log line will be served through alternative mills.

The decision to undertake these changes stems from slow growth in the market alongside rising operational costs. Stora Enso maintains a commitment to improving profitability while simultaneously ensuring that they continue to provide high-quality building solutions and sawn goods to their global clientele.

Stora Enso, a recognized leader in the field of renewable materials, emphasizes the necessity of transitioning from non-renewable materials to more sustainable options. With a workforce of approximately 19,000 employees and sales reaching EUR 9.3 billion in 2025, the company is dedicated to supporting a circular bioeconomy through innovative and competitive solutions.

Future Outlook

Looking ahead, Stora Enso plans to implement these operational changes following careful consultations with relevant stakeholders as per local regulations. The company remains focused on its mission, continuing to work diligently towards enhancing competitiveness and financial performance, all while ensuring the satisfaction of its customers using premier building solutions.

For more updates or detailed inquiries about Stora Enso's strategic initiatives, visit their official website at www.storaenso.com.