Brief: Norske Skog Plans To Enter Pulp Market

Norske Skog ASA

03/06/2024 06:15

June 3 (Reuters) - Norske Skog ASA  NSKOG.OL :
    * NORSKE SKOG PLANS TO ENTER THE PULP MARKET
    * NORSKE SKOG WILL INITIATE A MAIN STUDY AIMING TO ENTER
BLEACHED
CHEMI-THERMOMECHANICAL PULP (BCTMP) MARKET BY STARTING
PRODUCTION AT NORSKE SKOG SAUGBRUGS IN HALDEN
    * NORSKE :PART OF INVESTMENT WILL BE COVERED BY PORTION OF
INSURANCE SETTLEMENT WHICH HAS NOT YET BEEN PAID BY INSURANCE
CO, AMOUNTING TO NOK 615 MILLION
    * PART OF INVESTMENT WILL BE COVERED BY PORTION OF INSURANCE
SETTLEMENT THAT HAS NOT YET BEEN PAID OUT BY INSURANCE COMPANY,
AMOUNTING TO NOK 615 MILLION, FOR DEVELOPMENT OF NEW ACTIVITIES
AT PLANT
    * NET INVESTMENT IN BCTMP PRODUCTION WILL RANGE BETWEEN NOK
1.5 TO
2 BILLION (EUR 140-180 MILLION)
    * WE EXPECT TO ACHIEVE A RETURN ON NET INVESTMENT OF MORE
THAN 20%

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

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