In order to ensure the leading position in China market, on February 5, 24, the board of directors of Stora Enso Group, the world's leading manufacturer of forest paper products, decided to invest another 38 million euros to transform the high-grade coated paper machine and adopt the most advanced technology to enhance its paper cutting ability, on the basis of the 24 million dollars invested by Suzhou Zixing Paper Co., Ltd. The project is expected to be completed in September 25, and the annual output of high-grade coated paper of Suzhou Zixing Paper Co., Ltd. will reach 24, tons. Seize the China market. When Stora Enso Group acquired Suzhou Zixing Paper Co., Ltd., China's economic development was extremely rapid, paper consumption increased rapidly, and China's huge market potential attracted Stora Enso Group to enter China. According to Kang Youkai, general manager of Suzhou Zixing Paper Co., Ltd., "Jiangsu is a first-class investment area, with many suppliers of raw materials and auxiliary equipment, convenient transportation and convenient production and operation. At that time, there were not many high-grade coated paper manufacturers in China. Stora Enso Group could quickly enter the China market by acquiring Suzhou Zixing Paper Co., Ltd. "
the pursuit of profit maximization is the eternal law of enterprise investment. It is for the rich raw material purchasing base and huge market demand that Stora Enso Group acquired Suzhou Zixing Paper Co., Ltd., and in 1998, Stora Enso Group acquired its controlling stake, which increased to 81% in October 21. The remaining shares are held by local partners.