Borregaard: Speciality Cellulose - Ice Bear capacity expansion
March 22 2017 - 3:00AM
22 March 2017: Borregaard ASA ("Borregaard", OSE
ticker: BRG)
Borregaard will invest NOK 115 million in
increased capacity for Ice Bear products in Speciality Cellulose.
This investment will be finalised in the second half of 2018, and
will bring Borregaard's Ice Bear capacity to approximately 60,000
tonnes.
The Ice Bear project is Borregaard's main
initiative to drive further specialisation by developing new
"niches within the niches" products as well as solidifying existing
market positions within speciality cellulose.
The initial Ice Bear investment has proven that
Borregaard's technology will enable the company to deliver world
class quality into segments with the strictest quality
requirements. The new investment enables a more optimal production
process in addition to the increased capacity.
The ramp-up of the Ice Bear production will be
based on market demand. The volume potential for Borregaard is, as
previously communicated, estimated to be around 20-30,000 tonnes
per year by end of 2018.
Contact
Jørn Syvertsen, Director Investor Relations, +47 958 36 335
This information is subject
to the disclosure requirements pursuant to Section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Borregaard via Globenewswire
Bluerock Residential Gro... (AMEX:BRG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bluerock Residential Gro... (AMEX:BRG)
Historical Stock Chart
From Apr 2023 to Apr 2024