Friday, June 13, 2025
Stora Enso and Matrix Pack have signed a strategic collaboration agreement with the shared goal of advancing the development of sustainable formed fiber packaging. This next stage builds on an already successful partnership by combining Matrix Pack’s industrial expertise and global market reach with Stora Enso’s innovative leadership in renewable materials to develop the next generation of sustainable packaging. With its established track record and large market reach, Matrix Pack, a market leader providing fiber-based goods to international brands, fortifies the collaboration.
Scaling fibre technologies and solutions that replace less environmentally friendly packaging materials, such as plastics, is the primary goal of the partnership. The collaboration will also open up potential for fibre sourcing and supply chain integration, utilising both businesses’ competencies throughout the value chain. “This partnership is a natural step forward in our Formed Fiber journey,” comments Juuso Konttinen, SVP & Head of Biomaterials Growth at Stora Enso. He continued, “We see formed fibre as a high-potential packaging segment, and partnering with Matrix Pack gives us the best opportunity to join the growth path.”
Following the agreement, Stora Enso has acquired a minority interest in Matrix Pack and will join the company’s board, underscoring its shared commitment to accelerate the global transition to bio-based, circular packaging. “We are proud to welcome Stora Enso as a strategic partner and shareholder,” shares Lyberis Polychronopoulos, President of the BoD at Matrix Pack. “Their leadership in sustainable materials aligns perfectly with our mission. Starting today, we are significantly expanding the existing capacity, which enables us to deliver the next generation fibre-based packaging to customers worldwide.”
About Matrix Pack
A vision that influences the direction of packaging solutions is what motivates the team at Matrix Pack. Their goal is very clear: to become the leading supplier of packaging solutions for both dry and wet wood fibre molding in the world. To achieve this, they consistently invest in forward-thinking solutions and investigate novel materials while maintaining their competitiveness and keeping the end user in mind. Crafting packaging that promotes sustainability, maintains high standards of quality, and places a priority on hygiene is the aim.
About Stora Enso
One of the largest private forest owners in the world, Stora Enso is the leading provider of renewable goods for timber construction, biomaterials, and packaging. They accelerate society’s transition to a circular bioeconomy, which results in better decisions. highlights how renewable resources may be used in a variety of ways, with the forest acting as the foundation.
The company is dedicated to creating carbon-storing and bio-based solutions for advanced biomaterials, circular packaging, and low-carbon building construction in addition to expert forest management. The company’s goods are currently used in a variety of industries, including construction, retail, food and beverage, manufacturing, e-commerce, pharmaceutical, cosmetics, confections, hygiene, and textiles.
The forest is the focal point of Stora Enso, and they believe that whatever is produced today using fossil fuels may be made tomorrow using a tree. Stora Enso, one of the largest private forest owners in the world, leads the market for biomaterials, timber construction, and renewable products for packaging. In 2024, Stora Enso employed over 19,000 people, and the Group’s sales totaled EUR 9 billion. Nasdaq Stockholm AB (STE A, STE R) and Nasdaq Helsinki Oy (STEAV, STERV) both list Stora Enso’s shares. Additionally, the shares are traded on the OTCQX in the USA as both ordinary shares (SEOAY, SEOFF, and SEOJF) and ADRs.
Read more news on: Stora Enso, packaging, supply chain, wood fibre, timber construction, fossil fuels
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