Norske Skog Walsum to curtail magazine production
(Thomson Reuters ONE) -
Due to excess capacity in the coated mechanical market, Norske Skog Walsum will
from the second half of December temporarily idle paper machine (PM) 4. The
machine has an annual capacity of 225 000 tons. Walsum's second paper machine,
PM 10, will continue to produce LWC (Light Weighted Coated) magazine paper at an
annual capacity of 200 000 tons.
- The temporary idling of capacity at the Walsum mill in Germany is required to
both create a better balance between demand and supply, and to avoid
unprofitable production at Walsum. Despite years of great efforts of the staff
to reduce costs, the decision is unfortunately unavoidable, said Mr Sven
Ombudstvedt, CEO and President of Norske Skog.
Customers will be served from other Norske Skog mills and paper machines. All
existing supply commitments will be honored.
Norske Skog
Communications and Public Affairs
For further information:
Norske Skog media: Norske Skog 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#1733408]
Unternehmensinformation / Kurzprofil:
Datum: 03.10.2013 - 09:00 Uhr
Sprache: Deutsch
News-ID 302472
Anzahl Zeichen: 2035
contact information:
Town:
Lysaker
Kategorie:
Business News
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