Temporary Production Stop at Nordic Paper Plant in Greåker will have Marginal Financial Impact

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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.

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

Source: Nordic Paper