Nordic Business Report-September 25, 2006-Stora Enso Oyj expands plantations in China
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The Finnish-Swedish forest industry group Stora Enso Oyj said on Monday (25 September) that it has signed a fibre resource contract with the city of Beihai in the Guangxi province in China.
Under the agreement Beihai will purchase existing plantations and establish new forestland plantations in order to provide Stora Enso with an additional 30,813 hectares in the region.
Stora Enso currently has some 60,000 hectares of hardwood industrial plantations and land usage rights in southern Guangxi.
"The aim is to create a sustainably managed fibre base of 160,000 hectares of plantation land by 2010 to support establishment of an integrated pulp and paper mill in Guangxi in the long term," Stora Enso said.
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