Renewable packaging products supplier Stora Enso has inaugurated what it describes as 'Europe's most modern' consumer packaging board production line in Oulu, Finland. Stora Enso invested €1.1 billion in the new production line in addition to other developments on the site area, which amounted to a total of approximately €1.7 billion between 2019–2025. The Oulu mill aims to meet the growing global demand for renewable packaging, contributing to the circular bio-economy and boosting Finland's exports with high-value products. ADVERTISEMENTHans Sohlström, president and CEO of Stora Enso, stated, “The Oulu production site is a strategically significant investment as it strengthens our leading position in high added value renewable packaging materials and increases Finland's export revenue significantly. Consumer packaging made from wood fibres has great potential to replace plastic packaging and our materials are designed for existing recycling streams.