Norske Skog to sell Boyer mill in TasmaniaFriday 14 Feb 2025
“We are very pleased to conclude our orderly exit from Australasia with the divestment of the Boyer mill. The discussions with David Marriner and Boyer Capital have been ongoing for some time and we believe they represent the ideal owner to both continue the production of publication paper and develop the industrial site for future activities. Norske Skog will now focus fully on the successful ramp-up of containerboard production at the Golbey mill and completing the BCTMP study at the Saugbrugs mill”, said Geir Drangsland, CEO of Norske Skog. “The Boyer mill has been part of the Norske Skog group for 25 years and we wish to thank everyone for their support and contribution to the mill during this time. We now look forward to continue our operations under new ownership, and to work closely with our new owners to explore future opportunities at the mill site”, said Patrick Dooley, Managing Director of Norske Skog Boyer. The Norske Skog Boyer mill is situated in Tasmania and has a production capacity of 150 000 tonnes of newsprint and 135 000 tonnes of LWC magazine paper. The site has a total area of 565 hectares, offering significant opportunities for future developments, and good access to raw materials and logistics infrastructure. The mill has approximately 300 skilled and experienced employees. The Boyer mill has contributed an annual average of approximately NOK 60 million in EBITDA to Norske Skog in the period from 2022 to 2024. “We see significant potential to expand and diversify the industrial activities at the Boyer mill for the benefit of its employees and the local community. In dialogue with mill management and representatives of the Boyer workforce we have been very impressed with their knowledge and commitment to the business. We are therefore excited to start a new chapter for the mill”, said David Marriner, Director of Boyer Capital Pty Ltd. The sale follows a broad and structured process over a period of more than two years. The sale strengthens Norske Skog’s balance sheet and liquidity position towards ongoing strategic projects. Following the sale, Norske Skog will have four mills, all situated in Europe, with a total combined capacity of 760 000 tonnes of containerboard, 840 000 tonnes of newsprint, 200 000 tonnes of SC magazine paper, and 265 000 tonnes of LWC magazine paper. More >> Source & image credit: Norske Skog Extra: Tasmanian Government welcomes investment in Boyer Mill | ||
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