HELSINKI, May 28 (Reuters) - Stora Enso STERV.HE said on Tuesday it would convert its paper mill in Oulu, Finland into a packaging board mill by the end of 2020, involving investment of about 350 million euros ($391 million).
Stora said the investment would increase the group's capital expenditure for 2019 to 610 million to 660 million euros, from a previous estimate of 540 million to 590 million euros.
Stora said it would cut up to 400 jobs at the site.
($1 = 0.8943 euros)
(Reporting by Tarmo Virki Editing by Edmund Blair)
((firstname.lastname@example.org; +372 564 4562;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.