Stora Enso

Stora Enso Oyj is a pulp and paper manufacturer headquartered in Helsinki, Finland, with significant operations in four continents. The company was formed by the merger of Swedish mining and forestry products company Stora AB and Finnish forestry products company Enso Oyj in 1998. It has approximately 27,200 employees (2014). For 2012, Stora Enso was ranked fifth in the world by sales, among forest, paper and packaging industry companies.

History

Stora Enso was formed by the merger of Swedish mining and forestry products company Stora and Finnish forestry products company Enso Oyj in 1998.

History of Stora

The Swedish copper mining company Stora Kopparberg ("great copper mountain") in Falun was granted a charter from King Magnus IV of Sweden in 1347, although the oldest preserved share in the company (granting the Bishop of Västerås 12.5% ownership) dates from 1288. Some claim this to be the oldest existing corporation or limited liability company in the world.

For some periods during the 17th century, the mine provided two thirds of the world production of copper. In the 18th century, the copper mining gradually decreased in importance, and therefore, in 1731, the company bought its first iron ore mine. By the 1860s, iron ore was economically more important to the company than copper.