Tuesday, September 24, 2013

Stora Enso Obtains Euro 140 Million Loan from EIB

http://www.storaenso.com/
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%.
'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.