The formal takeover of the new containerboard machine PM1 at Norske Skog Golbey in France was completed during the 3rd quarter, marking a major step in the group’s long-term transformation from publication paper to packaging paper production. Norske Skog expects full utilisation during the first half of 2027.
Formal takeover of Norske Skog Golbey PM1 marks key transformation milestone | Norske Skog
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Norske Skog’s EBITDA in the third quarter of 2022 was NOK 508 million, a decrease from NOK 905 million in the second quarter of 2022. The third quarter EBITDA was impacted negatively by reduced volumes and higher fixed costs per tonnes following the closure for conversion of PM3 to containerboard production at Norske Skog Bruck, reduced CO2 compensation in Norway and significant increases in energy and raw materials, which more than offset the increase in sales prices for all grades. The containerboard conversion projects are progressing as planned. “Despite the turbulence in the energy and raw material markets, we have been able to sustain satisfactory margins on our publication paper products. Our conversion projects at Bruck and Golbey are progressing as planned, and will contribute to a long-term sustainable industrial platform,” says Sven Ombudstvedt, CEO of Norske Skog.
Resolute Forest Products Inc. announced that Hugues Simon will join the company and be appointed as president of the wood products division as of March 1, 2021. His term will begin as of the date on which Remi G. Lalonde, currently Resolute's chief financial officer, assumes the position of president and chief executive officer. Mr. Simon will report to Mr. Lalonde. Mr. Simon, a native of Quebec, most recently served as president, BarretteWood, Inc., a producer of value-added wood products with operations in Canada and the United States. Previously, Mr. Simon worked for Resolute and its predecessor companies for seven years in corporate and division-based functions. Earlier in his career, he worked for a number of other forest products companies. Mr. Simon is a graduate of Sherbrooke University and is a certified public accountant.
Savannah’s International Paper mill closed Tuesday, a difficult day for the hundreds of workers who lost their jobs.
“This was kind of thrown on us. I wasn’t happy about it,” Mayor Van Johnson said, reflecting on the August announcement that the company was closing mills in Savannah and Riceboro, sending shock waves through the community.
Johnson also praised how quickly partners rallied in recent weeks. “The community responded admirably,” he said.
City and regional agencies emphasized immediate help, including a multi-county job fair to connect employees with new opportunities.