Norske Skog plans to invest Euro 350 million in the conversion projects over an 18-month period

Posted on July 6, 2020

They plan to convert two newsprint paper machines into renewable containerboard production At the Golbey mill in France, approximately Euro 250 million is planned to be invested to convert PM1 from its current 235,000 tonnes of newsprint capacity to 555,000 tonnes of leading recycled containerboard capacity. Following the conversion in 2023, Golbey will have 555,000 tonnes of recycled containerboard capacity and 330,000 tonnes of newsprint capacity. At the Bruck mill in Austria, approximately Euro 90 million is planned to be invested to convert PM3 from its current 125,000 tonnes of newsprint capacity to 210,000 tonnes of recycled containerboard capacity. Following the conversion in 2023, Bruck will have 210,000 tonnes of recycled containerboard capacity and 265,000 tonnes of light-weight coated magazine capacity. The conversions at Golbey and Bruck will introduce 765,000 tonnes of competitive containerboard capacity The investments are expected to generate an annual EBITDA of approximately Euro 70-80 million at full utilisation

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