Norske Skog says it is revisiting discussions with alternative partners but the partner change has complicated the project. The timeline is extended from spring to year-end 2017.
Norske Skog and the Italian tissue paper and products manufacturer Rotocart will not pursue the tissue joint venture at the Norske Skog Bruck mill in Austria. Norske Skog anounced today that the partnership was dissolved as it did not develop as intended.
Nevertheless, Norske Skog is sticking to its plans to establish a tissue production unit at the Bruck mill in Austria. "Norske Skog is currently revisiting discussions with alternative partners and expects to conclude within a short timeframe. The Bruck mill is ideally located for tissue production in an area close to key markets and benefits from onsite industrial infrastructure, synergies with large-scale paper production and an experienced local management team," the company said.
The company added that all permits for the tissue project were in place and that the groundwork was already completed, but that the timeline for the project had to be extended from spring 2017 to year-end 2017.
Upon completion of the tissue project, the 125 000 tpy PM 3 newsprint machine at the Bruck mill will be closed.
Source : euwid-paper.com