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[BUSINESS] · Sweden · 3 sources

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Stora Enso to close Gruvön factory in Sweden

Stora Enso has announced the closure of its cross-laminated timber (CLT) production facility in Gruvön, Sweden. The plant was opened only seven years ago at a cost of 45 million euros.

The decision reflects broader pressures within the European CLT market, specifically regarding pricing and profitability within the sector.

Entities

Gruvön · Jonas Lindqvist · Stora Enso