Stora Enso

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Financial Information   2002 2001 Net Sales (€M) 12,783 13,509 Net Earnings (€M) -222 926

1/8 share of the Stora Kopparberg mine, dated June 16 1288.

Stora Enso Oyj (NYSE: [SEO]) is a Finnish–Swedish pulp and paper manufacturer, formed by the merger of Swedish mining and forestry products company Stora and Finnish forestry products company Enso in 1998. It has approximately 42,500 employees and in 2002 it was the fifth largest pulp and paper manufacturer in terms of revenue. The Finnish State is the biggest shareholder in the company.

Stora Enso, by one count, is the oldest corporation or limited liability company in the world. Originally known as Stora Kopparberg, it was granted a charter from King Magnus IV of Sweden in 1347. The first share in the company is however dated already in 1288 and mining in the mountain had started possibly much earlier. The start year 1288 would make Stora Kopparberg the 8th oldest business in the world

In 2000 the company acquired U.S. company Consolidated Papers, Inc. In 2000 Stora Enso and AssiDomän formed a joint company, Billerud AB, to produce packaging paper.

See also

• Svenska Cellulosa Aktiebolaget
• UPM-Kymmene
• List of Swedish companies
• List of Finnish companies
• Enso (town)

External links

• [Stora Enso] - Official site
• [Financial information]
• [Yahoo! - Stora Enso Oyj Company Profile]

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