Stora Enso Consumer Board and Packaging Solutions

Redesigning the future with renewable packaging

03/04/2014

Closer ties with the IFC in Guangxi

International Finance Corporation, IFC, strengthens the funding for the Guangxi project by investing in a five per cent ownership and by playing a central role in a 460 MUSD funding package. This is the long term external financing for the first phase development, of building a board machine.

​​​​​The IFC is a part of the World Bank and focuses on the private sector and developing countries. It was involved already in 2005 when Stora Enso was financing the Guangxi project.

 “We welcome the continued support from IFC. This shows the quality of the work we are doing in Guangxi,” says Mats Nordlander, Executive Vice President, Stora Enso Renewable Packaging.

A strong sustainability agenda is an integral component of the IFC engagement. The agenda includes for example livelihood development, world-class environmental standards, and health and safety issues in the industrial and forestry operations.

Stora Enso employs some 1 100 people in Guangxi, and when the integrated mill is in operation the number of employees will be about 2 000. Currently leveling work is going on and the board machine will be ready during 2016 and followed by the construction of a pulp mill. 

More on IFC, see: www.ifc.org