According to the South China Morning Post, Stora Enso signed an agreement with Shandong Huatai Paper Co., Ltd. to acquire 60% of the shares of Shandong Stora Enso Huatai Paper Co., Ltd.
The reason why Stora Enso Beihai Factory is sold to Shandong Huatai Paper Company is that Shandong Huatai Paper Company has strong economic and technical strength, and hopes to expand its business scope and market share, improve product quality and market competitiveness, and further optimize industrial layout and supply chain management through the acquisition of this factory.