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Stora Enso and Ikea ceased all production and sales in Russia
Posted on March 7, 2022 |
- Stora Enso decided to stop all production and sales in Russia until further notice due to the situation in Ukraine.
- Stora Enso holds three corrugated packaging plants and two wood products sawmills in Russia with a total annual sawn timber production capacity of these plants is 340,000 m³ and employs 1,100 people.
- The Company will also terminate all export and import to and from Russia, Stora Enso’s sales in Russia is 3% of total Group revenues.
- Inter IKEA Group has decided to pause all export and import in and out of Russia and Belarus, meaning all deliveries from all sub-suppliers to these units are paused.