The net investment of NOK 40 million (Euro 3.5 million) at paper machine one (PM1) will provide flexibility to switch between newsprint and book paper with capacity of more than 140,000 tonnes.
Newsprint
Imports of newsprint to India lost 21%.
The average price for newsprint imported to India remained flat.
Furniture demand drives OSB and particleboard growth while exports fall and investment remains weak.
Lumber, plywood, and paper products among targeted items.