Norske Skog Boyer acquired by Boyer Capital Pty Ltd

Norske Skog has entered into agreement with Boyer Capital Pty Ltd, to sell the Boyer mill at an enterprise value of approximately NOK 190 million. The transaction is expected to be completed during the first quarter of 2025.

“We are very pleased to conclude our orderly exit from Australasia with the divestment of the Boyer mill. The discussions with David Marriner and Boyer Capital have been ongoing for some time and we believe they represent the ideal owner to both continue the production of publication paper and develop the industrial site for future activities. Norske Skog will now focus fully on the successful ramp-up of containerboard production at the Golbey mill and completing the BCTMP study at the Saugbrugs mill”, said Geir Drangsland, CEO of Norske Skog.
https://www.norskeskog.com/investors/press-releases/english-press-releases/norske-skog-boyer-acquired-by-boyer-capital-pty-ltd?PID=4684&M=NewsV2&Action=1

Related Posts

Sappi Europe to increase prices on LWC and MWC grades by 6-8% from January 1st 2018

Due to continuing input cost increases Sappi is forced to continue passing on this cost inflation by increasing its LWC and MWC grades prices by 6-8% from January 1st 2018 for all markets. This follows previous announcements made for its woodfree coated and woodfree uncoated grades. Despite strong order books margins continue to be depressed by this severe input cost inflation. Sappi’s sales representatives will be in touch with their customers to agree on the specifics over the following weeks.

Holmen’s Interim Report January-June 2024

*Operating profit for January-June 2024 amounted to SEK 1 927 million (January-June 2023: 2 875). The decrease in operating profit is due to lower paper prices and the positive impact of income from the sale of surplus electricity the previous year. *Compared with the first quarter, operating profit for the second quarter increased by SEK 39 million to SEK 983 million. The operating margin was 17 per cent (17). *Profit after tax for January-June amounted to SEK 1 487 million (2 261), which corresponds to earnings per share of SEK 9.3 (14.0).

UPM Chudovo plywood mill celebrates two million cubic meters of manufactured birch plywood

UPM Chudovo plywood mill in Russia is celebrating its important milestone - two million cubic meters of plywood production since the start of the mill in 1990. Over the last 27 years, high quality WISA birch plywood by UPM Chudovo has become well-known both by the European customers and at the Russian market. "I am really proud of the two millionth cubic meter. It is an important milestone in the history of our production site. Continuous development and modernization are mill's keys to success. It took us 18 years to make the first million cubic meters and ten years later we were able to double the volume," says Anatoly Zhukovets, UPM Chudovo General Director. Click Read More below for additional information.
Back To Top
×Close search
Search