Nordic Paper announces three-day stop at Greaker natural greaseproof paper mill in Norway, citing current 'very high' daily prices for electricity in Norway; company says downtime will have 'marginal financial impact' on its Q3 results

Sample article from our Pulp & Paper Industry

August 30, 2022 (press release) –

The decided production stop at Nordic Paper plant in Greåker in Norway is planned for three days and is estimated to have marginal financial impact on the results of the company in the third quarter.

The production stop is due to the currently very high daily prices for electricity in Norway.

The plant is part of the segment Natural Greaseproof and corresponds to about half of the production capacity in the segment.

For further information, please contact:

Henrik Essén, Head of Investor Relations
Phone: +46 730 573801
E-mail: henrik.essen@nordic-paper.com

Nordic Paper is a leading specialty paper producer with its base in Scandinavia. We have been manufacturing top-quality kraft papers and natural greaseproof papers since the 19th century. Our products are based on renewable raw material from local forests. From our five paper mills, four in Scandinavia and one in Canada, we supply customers in about 80 countries. Nordic Paper had in 2021 net sales of approximately SEK 3,100m, about 690 employees and is listed on Nasdaq Stockholm. www.nordic-paper.com

https://news.cision.com/nordic-paper/r/temporary-production-stop-at-nordic-paper-plant-in-greaker-will-have-marginal-financial-impact,c3622830

https://mb.cision.com/Main/13472/3622830/1620898.pdf

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