Brief: Nordic Paper To Discontinue Pulp Production In Säffle

Nordic Paper Holding AB

17/05/2021 06:34

May 17 (Reuters) - Nordic Paper Holding AB  NPAPER.ST :
    * DECIDES ON DISCONTINUATION OF PULP PRODUCTION IN SÄFFLE
    * TO DISCONTINUE PRODUCTION OF PULP AT SÄFFLE PLANT DURING Q4 2021 AND REPLACE IT WITH
PURCHASED
EXTERNAL PULP.
    * POSITIVE ENVIRONMENTAL EFFECTS AND USE OF FOSSIL FUELS AT PLANT WILL BE REDUCED TO LESS
THAN
HALF OF CURRENT LEVEL
    * MEASURES WILL LEAD TO AN INCREASE OF ANNUAL PRODUCTION CAPACITY OF PAPER AT PLANT BY ABOUT
10%
    * NORDIC PAPER ESTIMATES THAT FIXED COSTS, EXCLUDING DEPRECIATION, OF PLANT WOULD BE REDUCED
BY
APPROXIMATELY SEK 30-40M ON AN ANNUAL BASIS AT FULL UTILISATION OF PRODUCTION CAPACITY
    * STAFFING AT PLANT WILL BE REDUCED BY ABOUT 20 POSITIONS.
    * ONE-OFF EFFECTS OF SEK 110M WILL BE INCURRED

Source text for Eikon:  ID:nWkr86VGCV 
Further company coverage:  NPAPER.ST 

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