Norske Skog to curtail newsprint production

摘要

Norske Skog is to temporarily idle PM 2 at Norske Skog Skogn in Norway from June 2013. The company stated that it intends to avoid unnecessary build up of inventory. "The temporary closure of capacity at the Skogn mill in Norway is required, both to create a better balance between demand and supply for newsprint in Europe, and to avoid unprofitable production at Skogn. Despite years of great efforts by the staff to reduce costs, the decision is unfortunately unavoidable due to factors including the strong Norwegian krone," said Mr Sven Ombudstvedt, President and CEO of Norske Skog in a statement.