NORPAC will cease production of newsprint at its Longview, WA mill effective May 1. After NORPAC stops making newsprint in May, there will be only one newsprint mill in operation in the US - Inland Empire’s Millwood mill, also in Washington state. There are nine newsprint mills in Canada: three owned by White Birch Paper, two owned by Domtar, two owned by Kruger, and one each owned by Alberta Newsprint and Kap Paper.

The Board of Directors of Rottneros has decided to invest a total of approximately 86 MSEK in renewable electricity at Rottneros Mill. The investments include a solar park and a battery storage and are part of a long-term strategy to reduce the groups exposure to the electricity market. The start-up is planned for 2024. The solar park is expected to generate over 3 GWh annually, which can be compared to the company's annual purchased electricity demand of around 220 GWh. The purpose of the battery storage is primarily to contribute to an improved balance on the electricity market, which also generates revenue from Svenska Kraftnät and thus a favourable return on investment.

Norske Skog is pleased to announce that secured bond holders holding 65 % of the aggregate principal amount of the secured notes due in 2019 (the "Secured AHC") have confirmed their support for the board's proposal launched on 18 September. Norske Skog is currently working to gain support from the other secured and unsecured bondholders. "We are very pleased to have obtained support from the majority of the secured bond holders, and we are currently in dialogue with the group's other secured and unsecured bond holders. The board's proposal is the best solution given the circumstances, and should provide a better return for stakeholder groups than the alternative. The alternative will trigger a complex insolvency process, which will result in Norske Skog being 100% owned by the secured bond holders." said Mr. Christen Sveaas, Chairman of Norske Skogindustrier ASA. Norske Skog will also enter into joint contingency planning with the Secured AHC to prepare for a potential insolvency process and share pledge enforcement on Norske Skog AS level if the board's proposal does not obtain sufficient levels of support from other creditors. Even without sufficient approval level, normal operations at all Norske Skog's mills will continue, and the value of Norske Skog and the interests of employees, customers, suppliers and local communities will be protected "The value of Norske Skog is the operating business units, which include seven profitable paper mills. These operations will continue as normal independent of the outcome of the recapitalization proposal. The secured bond holders are large professional investors with capital and ability to operate Norske Skog along with the employees," said Mr. Lars P. S. Sperre President and CEO of Norske Skog. Click Read More below for additional detail.