Norske Skog to close newsprint mill in Australia

Photo: Norske Skog

Norske Skog plans to sell its Australian newsprint mill Albury, addressing overcapacity issues in the newsprint market in Australasia.

The closure is meant to reduce newsprint capacity by 265,000 tpy.

Albury site could be converted to packaging paper production.

Norske Skog puts the purchase price for the Albury mill, including certain related assets, at approximately NOK920m.