Day after Xinjiang link disclosed, Finnish wood pulp giant Stora Enso says it will leave viscose market

Mar 29, 2021 | INVESTING

Finnish pulp and paper giant Stora Enso says it will “divest” from making the raw ingredient needed to produce wood-based viscose rayon fibre, the world’s third most common clothing material, a day after a South China Morning Post article highlighted potentially problematic links between the company and possible forced labour in Xinjiang.In a statement published on Stora Enso’s website on Monday, chief financial officer Sepp Parvi said the company was “moving away from the global soluble pulp…

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