Twin Rivers Paper Company Completes Sale of Pine Bluff Unbleached Kraft Mill

Norske Skog's gross operating earnings (EBITDA) in the second quarter 2017 were NOK 190 million, an increase from 158 million in the first quarter 2017. The European units contributed less to gross operating earnings than in the first quarter ; whereas, the Australasian units gross operating earnings improved. Operating earnings in the second quarter was NOK -52 million compared to positive operating earnings of NOK 2 million in the first quarter of 2017. Net loss in the second quarter was NOK 546 million compared with a net loss of NOK 274 million in the first quarter 2017. Cash flow from operating activities before net financial items seasonally increased from NOK 175 million in the first quarter 2017 to NOK 226 million in the second quarter 2017. Click Read More below for additional detail.

The new disc filter is perfectly suited to all system applications for many different pulp types and leads the way for upgraded performance and reliability in fiber processing. The PrimeFilter D builds on ANDRITZ disc filter technology, which has been well proven over decades, and brings together several key technological innovations in one unit to improve throughput and reduce both investment and operating costs: *HHw technology for advanced feeding and optimum flow conditions within the filter. Thus, the PrimeFilter D can handle higher feed consistencies and higher-freeness pulp, even in the most demanding applications. *CC bagless sectors, offering significant improvements in terms of operation thanks to very homogeneous fiber mat build-up as well as fast mat knock-off. The special design of the sectors eliminates the need for a filter bag and reduces maintenance to almost zero. *Two-level shaft sealing: The innovative, double sealing arrangement is easily accessible and ensures greater reliability and superior filtrate quality.

Norske Skog Saugbrugs, together with its research and industry partners, has been granted NOK 60 million in research funding from the Research Council of Norway and Innovation Norway under the Green Platform Programme. The portfolio of products to be developed aims to remove or greatly reduce the use of petroleum-based raw materials and harmful materials, as well as to contribute to increased recycling of plastics. «It is through research and innovation that we create tomorrow's sustainable society. Green platform is an important measure to ensure profitable green transition, and will help us become more skilled at scaling up and linking research to the market», says Jan Christian Vestre, Minister of Trade and Industry (Labour Party). CEO of Norske Skog, Sven Ombudstvedt, says: «Norske Skog will connect strong professional R&D environments to develop unique and sustainable nanocellulose and biocomposite products that the world will demand more of in the future. Our unique fibre expertise will be a valuable contribution in creating sustainable commercial value chains by utilising recycled and renewable raw materials».