Leader of Russia’s largest forest industry company warns of a coming wave of bankruptcies.
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The company may implement temporary layoffs in the first half of 2026 within Packaging and Paper Machines and Global Supply units in Jyväskylä, Vantaa, and Raisio.
Price for newsprint imported to India slipped 1.2%.
Norske Skog reports pre-tax profit of NOK 120 million on lower fibre costs and energy contract gains
Packaging paper segment posts NOK -95 million EBITDA as Golbey PM1 ramp-up continues with 28,000 tonnes produced.
Norske Skog has conducted a thorough review of its entire cost base. Among the measures are downsizing of operational and support functions across all units of the group by up to 200 full time employees during the period from 2025 to 2027.
Exports of newsprint from Canada contracted 18%.
Acquisition adds Kondopoga PPM, Karellestran and KLPH to Taiga Group portfolioю