Brief: Norske Skog To Enter The European Packaging Markets

Norske Skog ASA

17/06/2020 06:05

June 17 (Reuters) - Norske Skog ASA  NSKOG.OL :
    * NORSKE SKOG TO ENTER THE EUROPEAN PACKAGING MARKETS
    * CONVERTING TWO NEWSPRINT PAPER MACHINES INTO RENEWABLE
CONTAINERBOARD PRODUCTION
    * FINAL INVESTMENT DECISIONS ARE PLANNED IN FIRST HALF OF
2021,
AND START OF CONTAINERBOARD PRODUCTION IN FIRST HALF OF 2023
    * CONVERSIONS AT GOLBEY AND BRUCK WILL INTRODUCE 765,000
TONNES OF
CONTAINERBOARD CAPACITY TO MEET GROWING DEMAND FOR RENEWABLE
PACKAGING
    * PLANS TO INVEST APPROXIMATELY EUR 350 MILLION IN
CONVERSION
PROJECTS OVER AN 18-MONTH PERIOD COMMENCING IN H2 2021
    * INVESTMENTS ARE EXPECTED TO GENERATE AN ANNUAL EBITDA OF
APPROXIMATELY EUR 70-80 MILLION AT FULL UTILISATION

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

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