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Norske Skog ASA ( (DE:0BQ) ) has issued an update.
Norske Skog has commenced recycled packaging production at its Golbey factory, marking the largest single investment in its history with a total of 400 million euros. This development significantly boosts its packaging paper capacity and positions the company as a major player in the European paper and packaging industry. The Golbey factory will not only enhance Norske Skog’s operational capabilities but also contribute to regional sustainable development by recycling over one million tons of paper and generating green energy. The factory is expected to reach full capacity by 2027, generating substantial revenue and creating long-term jobs. This aligns with the growing demand for environmentally friendly packaging, driven by e-commerce growth.
More about Norske Skog ASA
Norske Skog is a leading producer of publication and packaging paper with four high-quality industrial plants, strong market positions, and close customer relationships in Europe. The company aims to diversify its business and continue its transformation towards growth and high-margin markets through various development projects. Headquartered in Norway, Norske Skog is listed on the Oslo Stock Exchange and employs around 1,700 people.
Average Trading Volume: 247,611
Current Market Cap: NOK1.92B
Learn more about 0BQ stock on TipRanks’ Stock Analysis page.