Norske Skog plans to enter the pulp market

Norske Skog will initiate a main study aiming to enter the bleached chemi-thermomechanical pulp (BCTMP) market by starting production at Norske Skog Saugbrugs in Halden. The rockslide at Saugbrugs in April 2023 causing heavy damages on the PM6 machine, released available termo-mechinalcal pulp capacity that can be utilised to produce BCTMP (bleached chemi-thermomechanical pulp) at Norske Skog Saugbrugs. Part of the investment will be covered by the portion of the insurance settlement that has not yet been paid out by the insurance company, amounting to NOK 615 million, for the development of new activities at the plant.

The new BCTMP line will produce approximately 300,000 tons of competitive pulp to meet the growing demand, especially for products in the packaging market. Saugbrugs has adequate access to green energy, and thus continue to deliver products with very low carbon footprint. Norske Skog Saugbrugs will continue to be a reliable supplier of SC-publication paper also after the start of BCTMP production.
more at: https://www.norskeskog.com/investors/press-releases/english-press-releases/norske-skog-plans-to-enter-the-pulp-market?PID=4684&M=NewsV2&Action=1

Related Posts

Resolute Reports Preliminary Third Quarter 2020 Results

*Q3 GAAP net income of $57 million / $0.66 per diluted share *Adjusted EBITDA of $140 million *Net debt down to $541 million / liquidity strengthened to $477 million at quarter-end *$38 million YTD EBITDA contribution from our recently acquired U.S. sawmills *Remi G. Lalonde to succeed Yves Laflamme as president and CEO as of March 1

SCA Interim Report Q2 2022

January–June 2022 compared with January–June 2021 *Net sales amounted to SEK 10,914m (8,982). The increase was mainly attributable to high demand for SCA’s products, higher selling prices and increased sales to core markets. Through its own logistics company, SCA has a unique control over logistics from the forest to the customer, which has benefited delivery reliability in a turbulent period. *EBITDA improved 58% to SEK 5,729m (3,619). The increase was mainly attributable to higher selling prices in all product areas while a high degree of self-sufficiency in wood, energy and logistics enabled good cost control. EBITDA margin increased to 52.5% (40.3). *Valuation of SCA’s forest assets increased to SEK 87.9bn compared to SEK 84.5bn at year-end previous year due to further increased prices on forest assets in Northern Sweden *Operating profit increased to SEK 4,958m (2,927) *Operating cash flow strengthened to SEK 3,085m (1,581) and thereby continued to finance ongoing strategic investments

Mativ Announces First Quarter 2024 Results

Mativ First Quarter 2024 Highlights (Continuing Operations) *Sales of $500.2 million increased 10.6% sequentially versus Q4 2023, and decreased 8.9% versus the prior year, reflecting sequential volume recovery *GAAP loss was $(28.0) million, GAAP EPS was $(0.52), which included organizational realignment, integration and purchase accounting expenses
Back To Top
×Close search
Search