Brief: Norske Skog: Net Investment Amount For Conversion Project At Norske Skog Golbey To Increase

Norske Skog ASA

10/11/2023 07:19

Nov 10 (Reuters) - Norske Skog ASA  NSKOG.OL :
    * UPDATE RELATED TO THE CONVERSION FROM NEWSPRINT TO
CONTAINERBOARD AT NORSKE SKOG GOLBEY
    * NET INVESTMENT AMOUNT FOR CONVERSION PROJECT AT NORSKE
SKOG
GOLBEY WILL INCREASE FROM EUR 265 TO 300 MILLION
    * AS OF 3RD QUARTER OF 2023, A NET EUR 200 MILLION HAS BEEN
INVESTED IN PROJECT.
    * INCREASE IS GENERALLY DUE TO INCREASED PURCHASE PRICES FOR
GOODS
AND SERVICES THROUGHOUT PROJECT PERIOD
    * START-UP OF PRODUCTION OF PACKAGING IN GOLBEY IS POSTPONED
TO
SECOND HALF OF 2024 DUE TO DELIVERY DELAYS.

Source text for Eikon:  ID:nObik9PJJa 
Further company coverage:  NSKOG.OL 

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