Stora Enso and Matrix Pack have entered into an agreement to jointly develop formed fibre products, which are made by shaping wood pulp into three-dimensional packs.
The companies hope that Matrix Pack, which specialises in formed fibre solutions, can bring its experience and commercial scale to the partnership. As part of the agreement, Stora Enso has acquired a minority stake in Matrix Pack and will take a seat on the company’s board.
The ultimate goal of the collaboration is to scale formed fibre tech and solutions, while also unlocking joint opportunities in fibre sourcing and supply chain integration.
“This partnership is a natural step forward in our Formed Fiber journey,” says Juuso Konttinen, SVP & Head of Biomaterials Growth at Stora Enso.
“We see formed fiber as a high-potential packaging segment, and partnering with Matrix Pack gives us the best opportunity to join the growth path.”
“We are proud to welcome Stora Enso as a strategic partner and shareholder,” says Lyberis Polychronopoulos, President of 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 fiber-based packaging to customers worldwide.”
If you liked this story, you might also enjoy:
The ultimate guide to the Packaging and Packaging Waste Regulation in 2025
How are the top brands progressing on packaging sustainability?
Everything you need to know about global packaging sustainability regulation in 2025
The key to increasing the use of reusable packaging in supermarkets
No comments yet