Stora Enso divests ownership in IL Recycling

IL Recycling is a Swedish recycled materials company owned by Stora Enso, Fiskeby Board, SCA, and Smurfit Kappa. Stena Metall is purchasing the shareholding of all the current owners.

Stora Enso uses paper for recycling in its production at four paper mills and two packaging mills in Europe. However, the company said its need for paper for recycling in Sweden has decreased during the past years, and needed volumes can be sourced from the market. Stora Enso has negotiated an agreement for the supply of paper for recycling with Stena Metall. The group’s focus is to secure the same volumes as currently purchased via IL Recycling to its Hylte Mill in Sweden.

Stena Metall Group recycles and processes metals, paper, electronics, hazardous waste and chemicals. Its operations also include international trading in steel, metals and oil.