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.