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Norway-based paper and packaging board producer Norske Skog brought in lower operating revenue in the third quarter of 2023 compared with the previous quarter, mainly driven by lower publication paper prices.
The company, which operates mills in Norway, Austria, France and Australia, reports deliveries of publication paper in this year’s third quarter decreased mainly as a result of a paper machine at its Saugbrugs, Norway, mill not producing during the quarter.
A rock slide at the Saugbrugs site in late April caused material damage to building structures, cranes, machinery and equipment relating to paper machine PM6, according to the company.
“Deliveries of packaging paper increased as ramp-up proceeds as planned” on the recycled-content lines at its mills in Austria and France, it adds.
By the numbers, the company’s total operating income fell by 16.6 percent year on year while its earnings before interest, taxes, depreciation and amortization (EBITDA) figure fell by a more sizable 35.6 percent just year on year.
In notes accompanying its earnings report, Norske Skog expresses enthusiasm for the newsprint-to-containerboard paper machine conversion projects that have been completed in Austria and France.
“Norske Skog has now entered the market for packaging paper, with the successful startup of Norske Skog Bruck PM3,” the firm says, referring to its Austrian mill site.
“Delivered volumes of recycled containerboard increased during the third quarter as ramp-up continues at Bruck. Simultaneously, Norske Skog Golbey in France is currently converting PM1 for production of packaging paper and will start production in the second quarter of 2024.
“When full capacity is reached at both Norske Skog Bruck PM3 and Norske Skog Golbey PM1, Norske Skog will have a production capacity of 800,000 metric tons of recycled containerboard.”
In an October news release, Norske Skog CEO Geir Drangsland said, “We are very pleased by the positive feedback from our containerboard customers, and that we are well underway to become one of the leading independent suppliers of recycled containerboard in Europe.”
The company says before its containerboard conversions, recovered paper made up 30 percent of the raw materials used in its products. It is unclear to what extent that figure might be boosted when the containerboard machines in both Austria and France are fully operational.
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