Finnish paper maker appointed CEO

Helsinki-based paper maker Stora Enso has appointed Karl-Henrik Sundstrom, 54, CEO of the company as of August 1. He is currently executive vice president and head of the printing and living division of Stora Enso.

The rapidly expanding Asian paper and paperboard market offers huge demand for the company's products. The group is building a consumer board machine at Beihai city in Guangxi, Southern China scheduled to be operational in 2016.

After the board mill is completed a pulp mill will be constructed at the same site. When ready, the site will include a 450,000 tons per year paperboard machine and pulp capacity of 700,000 tons per year.

The board and pulp mills will be integrated with wood supply from 90,000 hectares of self-managed plantations.

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