2013-10-03 09:02:04 -
Due to excess capacity in the coated mechanical market, Norske Skog Walsum will
from the second half of December temporarily idle paper machine (PM) 4. The
machine has an annual capacity of 225 000 tons. Walsum's second paper machine,
PM 10, will continue to produce LWC (Light Weighted Coated) magazine paper at an
annual capacity of 200 000 tons.
- The temporary idling of capacity at the Walsum mill in Germany is required to
both create a better balance between demand and supply, and to avoid
unprofitable production at Walsum. Despite years of great efforts of the staff
to reduce costs, the decision is unfortunately unavoidable, said Mr Sven
Ombudstvedt, CEO and President of Norske Skog.
Customers will be served from other Norske Skog mills and paper machines. All
existing supply commitments will
Communications and Public Affairs
For further information:
Norske Skog media: Norske Skog financial market:
Vice President Corporate Communication Vice President Investor Relations
Carsten Dybevig Tom Rogn
Mob: +47 917 63 117 Mob: +47 948 55 659
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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Source: Norske Skog via Thomson Reuters ONE