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| | Summary of Proposed Investment |
 | | Stora Enso Oyj (Stora Enso or the sponsor), the world’s largest paper and board producer in produced tonnes and number three sawn timber producer, has approached IFC to extend its existing loan facility to finance the development of its timber plantation and related investments in China. |
 | | Stora Enso’s plantations are located in the Guangxi province, primarily in five counties on or near Guangxi’s coastal areas. |
 | | Second, Stora Enso will transfer technical know-how and, given the labor intensity of plantation work, create up to 7,000 direct jobs to add to the 1,000 that are currently employed and an additional 21,000 indirect jobs to add to the current 3,000. |
| www.ifc.org /ifcext/spiwebsite1.nsf/f451ebbe34a9a8ca85256a550073ff10/912b04166e2036d285257178006439ef?OpenDocument (1239 words) |
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