Stora Enso

Stora Enso | November 07, 2019

Stora Enso’s digitisation programme is realising the benefits of automation and 5G to optimise efficiency, flexibility, and availability in production. Stora Enso is among the world’s oldest companies with more than 700 years of heritage, encompassing mining, iron and wood activities, stretching back to the 13th century. Today it focuses on all of the possibilities to manufacture a diverse range of products made from renewable materials with the forest and the trees as their foundati...

Stora Enso | July 21, 2020

Sales decreased by 18.9% to EUR 2 114 (2 608) million, due to lower deliveries and prices, as a result of the impact of the Covid-19 pandemic. Operational EBIT decreased to EUR 178 (299) million. The impact of lower sales was partly offset by good cost management. Operational EBIT margin was 8.4% (11.5%). Operating profit (IFRS) was EUR 226 (142) million. EPS was EUR 0.19 (0.08) and EPS excl. IAC and fair valuations was EUR 0.14 (0.27). Cash flow from operations amounted to EUR 363 (550) million...

IndustryWeek | January 14, 2020

Nearly three-quarters of manufacturing managers worldwide consider data sharing to improve their operations. In a recent study, the World Economic Forum, in collaboration with Boston Consulting Group, entitled Share to Gain: Unlocking Data Value in Manufacturing, examined the opportunities associated with data sharing in manufacturing and the enablers for building successful data-sharing ecosystems. Although manufacturers are making strides in applying data-driven technologies, most focus on app...

ELEMENTUM 3D | January 13, 2020

Additive manufacturing research and development company Elementum 3D has received investment from Sumitomo Corporation of Americas through its Series A funding round. The undisclosed amount has been given to Elementum in order to support its endeavours in the development of advanced metal, composites and ceramic materials for 3D printing. It represents SCOA’s fourth investment in the additive manufacturing market, after backing aerospace supplier Sintavia, manufacturer AREVO, and service b...