Borregaard: Speciality Cellulose - Ice Bear capacity expansion

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

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