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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Effective with all new or previously entered orders shipping after 9/11/17 the price of our SC products will be increased by $2/cwt and CAD$2.50. This includes Artisan Plus, Artisan, Prominence Plus, Prominence and Maritime and all basis weights of these grades.
Effective with all shipments from May 16, 2018, North Pacific Paper Corporation (NORPAC) will increase the price of our Natural Choice and Natural Choice 30 cut-size papers. All standard up-charges and shipping policies remain in effect.
Comments to Results of Operations - Comparison of Three Months Ended December 31, 2017 to Three Months Ended December 31, 2016: • Net sales for the fourth quarter of 2017 decreased by $7 million compared to the fourth quarter of 2016. The sales decline was primarily attributable to a decrease in total sales volume due to the general softening of demand for coated papers and our capacity reductions at our Androscoggin Mill. • Gross margin, excluding depreciation, amortization and depletion expenses, decreased from 16.6% of net sales in the fourth quarter of 2016 to 13.3% in the fourth quarter of 2017. Comments to Results of Operations - Comparison of 12 Months Ended December 31, 2017 to 12 Months Ended December 31, 2016: • Net sales for the 12 months of 2017 decreased by $180 million compared to the 12 months of 2016. The sales decline was attributable to a decrease in total sales volume and a decrease in pricing, partially offset by improvement in product mix. The decrease in volume and pricing were driven by general softening of demand for coated papers and our capacity reductions at the Androscoggin Mill. • Gross margin, excluding depreciation, amortization and depletion expenses, decreased from 11.1% of net sales in the 12 months of 2016 to 9.1% in the 12 months of 2017. Gross margin was favorably impacted in 2016 by $22 million and in 2017 by $4 million as a result of gains included in cost of products sold, associated with the elimination of certain postretirement benefit costs. Click Read More below for additional information.