The net investment amount for the conversion project at Norske Skog Golbey will increase from EUR 265 to 300 million. As of the 3rd quarter of 2023, a net EUR 200 million has been invested in the project. The increase is generally due to increased purchase prices for goods and services throughout the project period as well as somewhat delayed deliveries of equipment. The start-up of production of packaging in Golbey is postponed to the second half of 2024 due to delivery delays. Considerable effort will be devoted going forward to ensure that the conversion project is completed within the new framework. The Golbey project will convert a paper machine (PM1) from producing newsprint to producing recycled containerboard. The machine will have a capacity of 550,000 tonnes and is expected to reach 95% utilisation within 2-3 years after startup. Together with the already converted paper machine (PM3) in Bruck, this project will provide Norske Skog with a total capacity of 760,000 tons of containerboard.

Fire crews from Port Alberni, Cherry Creek, Beaver Creek and Sproat Lake fire departments took hours to put out a fire in the Paper Excellence Catalyst paper mill in Port Alberni on Friday. Just before 3 p.m., 911 dispatch informed the Port Alberni Fire Department that a barge carrying hog fuel — unrefined wood byproduct used in biomass burners and construction — was on fire. Port Alberni Deputy Fire Chief Wes Patterson said that the majority of the fire was initially contained to a conveyor belt system used to unload the barge with hog fuel. “As the wind picked up, as it usually does in the afternoon in the Port Alberni inlet, it started to blow these embers onto the land and started to cause spot fires,” Patterson said..

Mondi plc provides an update on trading for the three months to 31 March 2025. Higher sales volumes, good cost control and fewer planned maintenance shuts in the first quarter of 2025 offset lower average selling prices when compared to the fourth quarter of 2024 (“Q4 2024”). Underlying EBITDA for the first quarter was €290 million, including a forestry fair value gain of €2 million. In Corrugated Packaging and Flexible Packaging, stronger order books drove higher sales volumes across Mondi’s range of paper grades compared to the fourth quarter of 2024. This was supported by a solid performance in the downstream converting operations. Following selling price declines towards the end of 2024, average selling prices in the first quarter of 2025 were lower than the fourth quarter of 2024. In the last few months, paper price increases have been implemented to largely recover the declines. In Uncoated Fine Paper, market conditions remained muted with lower average selling prices in the quarter when compared to Q4 2024. Profitability was supported by strong cost control.