Consumables

Stora Enso draws EUR 140 million loan for research and development projects

Wednesday 02. October 2013 - Stora Enso has drawn a EUR 140 million seven-year loan from the European Investment Bank (EIB) to be used for research and development. The interest rate of the loan is 3.3%.

“We have had long and fruitful co-operation with EIB. This is Stora Enso’s third loan from EIB to be used for the Group’s research and development projects. The terms of the loan are competitive,” says Stora Enso acting CFO Jyrki Tammivuori.
“Stora Enso invested EUR 81 million in research and development in 2012. The Group’s R&D platforms include bio-based barriers, micro materials, composites, biochemistry and separation technology, and wood-based building solutions. About fifty patent applications were registered in 2012,” says Bernd Rettig, Senior Vice President, Group R&D and capital investments.