Stora Enso is to concentrate its new biomaterials business development in an Innovation Centre that will be located near Stockholm, Sweden. The centre, which will open during the second quarter of 2015, will host research, application, business development, and strategic marketing.
The new centre will boost innovation by identifying business opportunities in the renewable materials market and linking them with leading innovation and research centres in business and academia. To be staffed with Stora Enso employees currently working in Sweden, Finland and Germany, it will employ around 75 people by the end of 2015.
"We are convinced that our access to biomass, in combination with our expertise in forestry worldwide, will benefit our customers in new, innovative ways in the future," says Karl-Henrik Sundström, CEO of Stora Enso. "Our goal is to develop a competitive offering serving customers in multiple industries and markets, while adding value to our current cellulosic streams."
The company's other R&D units are not affected by this change and will remain in their current locations.
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