Norske Skog starts sale process for PM No. 4 production line at its Walsum LWC paper mill in Duisburg, Germany, by appointing US-based VanTek as exclusive broker; sale will include clause that PM No. 4 never again be used to make publication paper
April 30, 2014
– Norske Skog has appointed Van Tek as the exclusive broker for the sale and liquidation of the complete Walsum PM4 production line. The machine will be sold with a clause of not producing publication paper grades again.
Van Tek will take charge of all sales activities, on-site management of dismantling and clean-up work. The broker, headquartered in Vancouver in the state of Washington, USA, specializes in the sale of idled paper machines, pulp and paper mills, and is experienced in total site liquidation.
PM4 was permanently shut down in December 2013. PM4 is a 7.45 meter wide paper machine which started up 1985, and had annual production capacity of 225 000 tonnes LWC.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Industry Intelligence Inc. editor's note: Norske Skogindustrier ASA's Walsum mill in Duisburg, Germany has two paper machines, both producing lightweight coated groundwood (LWC), according to the company's website. The capacities are 225,000 tonnes/year for PM No. 4 and 215,000 tonnes/year for PM No. 10.
VanTek Inc. specializes in worldwide sales of idled paper machines, related components, complete pulp and paper mills, as well as power plants, according to its website.