FDBusiness.com

Stora Enso increases stake in Chinese subsidiary Inpac to 90%

 Breaking News
  • Danone Invests in Deep Ocean Bottled Water Danone Manifesto Ventures, the corporate venture unit of Danone, has taken a minority stake in the Hawaii-based company Kona Deep. Kona Deep is creating a new category of premium water with its unique deep ocean water, sourced 3,000 feet below the ocean surface in Kona, Hawaii, from a pure source containing natural minerals. Aligned with [...]...
  • Chocolate Versus Cheese Choice Grates on British Consumers New research from Mintel reveals that when asked if they had to “choose between never being able to eat cheese again or never being able to eat chocolate again”, 50% of British consumers say they would never eat chocolate, compared to 47% who would give up on cheese. Meanwhile, a contrarian 3% say they don’t like [...]...
  • Layn Opens Strategic New Location in Europe to Help Support Global Growth in Natural Sweetener Innovation Layn Corporation, a global leader in the vertically integrated production of premium-quality, natural sweeteners, flavours, and botanicals, has opened its European office in Savona, on the northwest coast of Italy. “Our new European office and logistics center places us in a strategic location as we expand globally, and continue to drive sweetener innovation and uphold our commitments [...]...
  • The Zamora Company Moves into American Whiskey The Zamora Company, a Spanish fifth generation, family-owned global wine and spirits business headquartered in Madrid, has acquired an equity stake in Yellow Rose Distilling, a leading American whiskey distiller in Houston, Texas. The Zamora Company is best known for Licor 43, Spain’s leading liqueur brand, as well as Villa Massa Limoncello and a wide [...]...
  • Dunnes Reclaims Top Spot in Irish Grocery Market The latest grocery market share figures from Kantar Worldpanel in Ireland, for the 12 weeks ending 5 November 2017, reveal that Dunnes Stores has returned to the top spot for the first time in nine months, capturing a 22.4% share of the market. David Berry, director at Kantar Worldpanel, comments: “Dunnes Stores traditionally posts a strong performance towards [...]...

Stora Enso increases stake in Chinese subsidiary Inpac to 90%

January 06
10:59 2016

stora-enso-packaging-kaunasFinland-headquatered paper manufacturer Stora Enso has entered into an equity transfer agreement to increase its ownership stake in its Chinese subsidiary, Stora Enso Inpac Packaging Co.

The company will increase its stake from 51% to 90% as part of a transaction based on the terms of an option agreement dated October 2010. The cash consideration, the Helsinki-based firm added, is approximately €46m. The transaction is subject to regulatory approval by Chinese authorities and is expected to be finalised during the first quarter of 2016.

The transaction gives Stora Enso a better opportunity to develop the Inpac Packaging business further and to execute its strategy in the region. The transaction will have no impact on group’s sales or operating profit, it said.

Stora Enso Inpac offers fibre-based packaging solutions with design, production, sales and R&D services. The company has production units in Qian’an, Dongguan and Jiashan in China and sales offices in Beijing, Shanghai and Dongguan, and serves leading global and local brand owners.

Stora Enso is a pulp and paper manufacturer headquartered in Helsinki, Finland, with significant operations in four continents. Founded in 1998, the company currently employs approximately 27,000 people in more than 35 countries.

About Author

admin

admin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 28, 2017Fi Europe
  • December 4, 2017Plastics and Paper in Contact with Foodstuffs 2017
  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
AEC v1.0.4

Jobs: Food Packaging

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements