Norske Skog: New long-term energy contract for Saugbrugs
(Thomson Reuters ONE) -
Norske Skog Saugbrugs AS has signed a long-term agreement with Statkraft for the
supply of electricity for the paper mill in Halden.
- We are very pleased with the agreement. Norske Skog Saugbrugs is important,
both for the group and for the forestry industry in Southern Norway. This helps
to secure jobs in Saugbrugs, says Sven Ombudstvedt, President and CEO in Norske
Skog and chairman of the board in Norske Skog Saugbrugs AS.
The new agreement with Statkraft secures an annual supply of 1.0 TWh up to 31
December 2020. The agreement shall enter into force on 1 May 2013. The new
agreement ensures almost full energy coverage for Saugbrugs over the next few
years.
Norske Skogindustrier ASA has terminated its long-term group agreement from
1998 that applied to supply of energy in Southern Norway.
- It is inappropriate and not commercially optimal to proceed with a group
agreement in Southern Norway when we can have a custom-made agreement that meets
Saugbrugs' future requirements for energy supplies. The contract is stipulated
in euros to reduce the currency exposure, says Ombudstvedt.
- Saugbrugs is one of the most environmentally friendly and efficient paper
mills in Europe. A strong Norwegian krone and the challenging market conditions
in the industry mean that the mill must have access to stable and secure energy
supplies at acceptable price in order to maintain operations, says Roy Vardheim,
managing director in Norske Skog Saugbrugs.
Norske Skog Saugbrugs AS employs around 530 people. The mill has an annual
production capacity of 530 000 tonnes of magazine paper (SC/super calendered),
with Germany and the United States as the largest single markets.
Lysaker, 30 April 2013
Norske Skog
Communications and Public Affairs
For further information:
Media: Financial market:
Vice President Corporate Communication Vice President Investor Relations
Carsten Dybevig Tom Rogn
Mob: +47 917 63 117 Mob: +47 948 55 659
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norske Skog via Thomson Reuters ONE
[HUG#1697738]
Unternehmensinformation / Kurzprofil:
Datum: 30.04.2013 - 10:28 Uhr
Sprache: Deutsch
News-ID 254233
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Town:
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Kategorie:
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