OSLO, NORWAY: 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…
All posts tagged Norske Skog
Norske Skog reports strong 4th quarter results despite weak paper markets
OSLO, NORWAY: Norske Skog, a leading producer of publication and packaging paper, announced its financial results for the fourth quarter of 2023, showing a significant improvement in earnings and cash flow compared to the previous quarter. The company attributed the positive results to the receipt of insurance proceeds related to the fire incident at its…
Nature’s Flame sold to New Zealand-based Talley’s Group for NZ$47.8mn
OSLO, NORWAY: Norske Skog has entered into agreement with Talley’s Group, a New Zealand based company, to sell the Nature’s Flame pellets company for a consideration of approximately NZD 47.8 million approximately NOK 280 million). The transaction is expected to close during the first quarter of 2022. “Nature’s Flame is an excellent company producing high…
Norske Skog expands partnership with Ocean GeoLoop to become carbon net negative
OSLO, NORWAY: Norske Skog has expanded its partnership with Ocean GeoLoop to support development, testing and commercialisation of their highly promising Carbon Capture, Storage and Utilisation (CCS/CCU) technologies, a news release said. Through this partnership, Norske Skog aims to pursue the opportunity to become CO2 net negative, and to explore economically viable models for utilisation…
Norske Skog to close Tasman mill in New Zealand and sell mill assets
OSLO, NORWAY: Norske Skog ASA announced the closure of the Tasman mill in New Zealand and a sales process for the mill’s assets. Production will cease by 30 June 2021, permanently reducing Norske Skog’s newsprint capacity by approximately 150,000 tonnes. Since the initiation of the strategic review process in New Zealand in October 2020, a…