The export duty will be 4–7% depending on the ruble exchange rate; if exchange rate is 80 rubles per US dollar and below it will be zero tariff.
Geir Drangsland succeeds Tore Hansesætre, who has decided to leave Norske Skog after more than 14 years in the company.
Exports of newsprint from Canada contracted 7%.
Most recently, Nebel has served as Chairman of the Board of Crown Paper Group, which Atlas acquired in October 2022.
Russia currently faces an excess of approximately 600 thousand tons of corrugated cardboard, and this surplus is expected to reach a total of 1 million tons.
Norske Skog’s EBITDA in the Q2 2023 was NOK 380 million ($38 million), a decrease from NOK 675 million ($67.5 million) in the Q1 2023. The main driver for the lower Q2 EBITDA was lower publication paper sales prices.
The new line will have the capacity to produce 100,000 tons of thermomechanical pulp per year and is scheduled to start operating in the first half of 2024. Various used machines will be refurbished and upgraded and combined with new equipment.
Employee consultation processes at UPM Schongau completed. The uncoated publication paper machine 6 will be permanently closed today.
Exports of newsprint from Canada dipped 0.3%.