Norske Skog
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Norske Skogsindustrier ASA | |
Type of Company | Public |
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Founded | 1962 |
Headquarters | Bærum, Norway |
Key people | Christian Rynning-Tønnesen (CEO) |
Industry | Pulp and paper |
Products | Newsprint and Magazine paper |
Revenue | NOK 25.7 billion (2005) |
Operating income | NOK 630 million (2005) |
Net income | NOK -854 million (2005) |
Employees | 9,372 (2005) |
Website | www.norskeskog.com |
Norske Skogindustrier ASA or Norske Skog, (OSE: NSG) which translates as Norwegian Forest Industries, is a Norwegian pulp and paper company based in Oslo, Norway and etablished in 1962. The corporation is the worlds largest producer of newspaper (Newsprint) and magazine paper with 18 mills around the world.
Contents |
[edit] History
Norske Skog started up in 1962 with the construction of a paper mill at Skogn in Norway, with the plant opening in 1966 and a second paper machine in 1967. Half the capital for the project was ussued by the Norwegian Forest Owners’ Federation. In 1972 Norske Skog started a cooperation with Follum Fabrikker in Hønefoss. By 1989 Norske Skog had acquired Follum Fabrikker and Union in Skien as well as Saugbrugsforeningen in Halden. With this Norske Skog controlled all the pulp and paper mills in Norway.
The first international acquisition came in 1992 when Papeteries de Golbey in Lorraine, France. Norske Skog later bought the entire plant in 1995. Norske Skog expanded with pruchases in Austria in 1996 and the Czech Republic in 1997. In 1998 Norske skog purchased mills in Thailand and the Republic of Korea. .
In 2000 Norske Skog bought the British Columbia based Fletcher Challenge Canada with nine mills and Pacifica Papers (formerly MacMillan Bloedel) and created NorskeCanada. By 2006 Norske Skog had sold its shares in NorskeCanada and the company has changed its name to Catalyst Paper Corporation.
In September 2005 it acquired the Asian company PanAsia, in turn making Norske Skog Asia's largest producer of newsprint and magazine paper.
[edit] List of mills
As of 2006
- Norske Skog Follum (Hønefoss, Norway)
- Norske Skog Skogn (Levanger, Norway)
- Norske Skog Saugbrugs (Halden, Norway)
- Norske Skog Parenco (Renkum, Netherlands)
- Norske Skog Bruck (Bruck an der Mur, Austria)
- Norske Skog Golbey (Lorraine, France
- Norske Skog Steti (Steti, Czech Republic
- Norske Skog Walsum (Duisburg, Germany
- Norske Skog Bio Bio (Concepción, Chile)
- Norske Skog Pisa (Jaguariaiva, Brazil)
- Norske Skog Boyer (Tasmania, Australia)
- Norske Skog Albury (Albury, Australia)
- Norske Skog Tasman (Kawerau, New Zealand)
- Hebei Mill (Zhaoxian, China)
- Shanghai Mill (Shanghai, China
- Singburi Mill (Sing Buri, Thailand)
- Jeonju Mill (Chonbuk, Republic of Korea)
- Chongwon Mill (Chungcheongbuk-do, Republic of Korea)
[edit] Former mills
This list may be incomplete
- Norske Skog Union (Skien, Norway) (closed 2006)
- Södra Cell Folla (Verran, Norway) (sold 2000)
- Södra Cell Tofte (Tofte, Norway) (sold 2000)
- Catalyst Crofton (Crofton, Canada) (demerged)
- Catalyst Elk Falls (Elk Falls, Canada) (demerged)
- Catalyst Port Alberni (Port Alberni, Canada) (demerged)
- Catalyst Powell River (Powell River, Canada) (demerged)
[edit] External links
Acergy • Aker Kværner • DnB NOR • DNO • FAST Search & Transfer • Fred. Olsen Energy • Frontline • Norske Skog • Norsk Hydro • Orkla •
Pan Fish • Petroleum Geo-Services • Prosafe • SeaDrill • Royal Caribbean Cruise Lines • Statoil • Stolt-Nielsen • Storebrand • Subsea 7 •
Tandberg • Tandberg Television • Telenor • TGS-NOPEC • Tomra • Yara
See also: Companies listed on the Oslo Stock Exchange