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Stora Enso to build €1.6 billion mill in China

HELSINKI (AP) -- Stora Enso Oyj says it will build a €1.6 billion ($2.1 billion) integrated consumer board and pulp mill in China.

Construction at Beihai city in Guangxi, southern China, will begin later this year with production planned to start in the fourth quarter of 2014.

Stora said Tuesday that the plant initially will annually produce 900,000 tons of pulp and 450,000 tons of paperboard.

The Helsinki-based company has 90,000 hectares (222,400 acres) of plantations in China with plans to establish eucalyptus forests with an effective fiber base of 120,000 hectares to support the new mill.

Stora Enso currently employs 4,500 people in China.