Brief: Norske Skog Invests In Recycled Containerboard Production

Norske Skog ASA

23/06/2021 06:05

June 23 (Reuters) - Norske Skog ASA  NSKOG.OL :
    * ESTABLISHING A LEADING EUROPEAN RECYCLED CONTAINERBOARD SUPPLIER
    * INVESTMENT DECISION TO CONVERT ONE MACHINE AT GOLBEY (FRANCE) INDUSTRIAL SITE
    * CONVERTED MACHINES ARE EXPECTED TO GENERATE AN ANNUAL EBITDA OF APPROXIMATELY NOK 700-800
MILLION IN 2025/26, BASED ON HISTORICAL TREND PRICES FOR CONTAINERBOARD AND RECYCLED FIBRE
    * CONVERSION AT GOLBEY WILL ADD A FURTHER 550 000 TONNES OF COST-COMPETITIVE AND
LOW-EMISSION
CONTAINERBOARD CAPACITY
    * WILL INVEST APPROXIMATELY EUR 250 MILLION IN CONVERSION OF GOLBEY PM1, AND A SYNDICATION
OF
FINANCING FACILITIES OF APPROXIMATELY EUR 175 MILLION IS BEING FINALISED
    * REMAINING INVESTMENT AMOUNT WILL BE COVERED BY CASH ON BALANCE AND CASH FLOWS FROM
OPERATIONS
    * RECYCLED CONTAINERBOARD PRODUCTION AT GOLBEY PM1 WILL START IN Q4 OF 2023, ABOUT ONE YEAR
AFTER
START-UP OF BRUCK PM3, ALLOWING FOR STEPWISE COMMERCIAL INTRODUCTION OF CONTAINERBOARD VOLUMES.

Source text for Eikon:  ID:nObi2XHzGa 
Further company coverage:  NSKOG.OL 

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