Tuesday, December 4, 2012

Norske Reducing Magazine Paper Production 5%

Norske Skog plans to reduce its magazine paper production by 5%, or approximately 60,000 tonnes, in 2013 by taking temporary downtime throughout the year.
The company currently has a capacity utilization rate of 90% in its magazine paper division. This will be reduced to 85% next year, according to vice president of communications Carsten Dybevig.
"We constantly want to adapt ourselves to the market situation, and we want to use the downtime to achieve a better balance in the market, thus supporting the Euro 25-50/tonne [$32-65/tonne] price increase we seek," Dybevig told RISI.
Norske Skog has a capacity of some 1.26 million tonnes/yr of coated and uncoated magazine paper at three mills in Europe.