Norske Skog Walsum cuts production capacity
(Thomson Reuters ONE) -
Norske Skog Walsum in Germany will permanently cease production at paper machine
PM4. The machine has an annual production capacity of 225 000 tonnes. The shut
down will take place in late December. Walsum's other paper machine, PM10, will
continue to produce LWC (Light Weighted Coated) paper, with an annual production
capacity of 200 000 tonnes.
- Due to overcapacity in the market for CM (coated mechanical) magazine paper,
and unprofitable operations at the mill, we see no option but to shut down PM4
permanently. Despite considerable efforts from the employees to reduce costs,
the decision is unfortunately inevitable, says Sven Ombudstvedt, President and
CEO in Norske Skog.
Customers will receive deliveries from other Norske Skog mills and paper
machines. All existing supply commitments will be honoured.
Norske Skog
Communications and Public Affairs
For further information:
Norske Skog media: Norske Skog financial markets:
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#1739403]
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 311277
Anzahl Zeichen: 2041
contact information:
Town:
Lysaker
Kategorie:
Business News
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