NEWS

(11/23/2015 / rkj)

Niederauer Muehle in Talks to Buy Walsum Paper Mill

According to online media sources, the Niederauer Muehle is in exclusive talks to aquire the Walsum Mill from Norske Skog.

In 2015, Walsum's cash flow to the Norske Skog group has been negative with up to NOK 10 million per month. Therefore, the board of Norske Skog decided to discontinue operations at Walsum (announced in press release on June 5, 2015) in order to prevent further losses for the group. There are 291 employees at the mill, which has an annual production capacity of 205,000 tons of light-weight coated (LWC) paper.