Lecta to Increase the Prices of Label Papers by 7%

Together with RISE, IsoTimber and Moelven, Stora Enso has been working on the most recent development of NeoLigno – 100% fossil-free structural boards and building elements. Stora Enso has launched NeoLigno®, a revolutionary lignin-based binder for particleboard and insulation applications. We are committed to doing good for people and the planet, which is why we always look to innovate new, renewable alternatives where fossil-based materials are being used today. In this case, we asked ourselves: What if we could come up with a bio-based binding agent that keeps all the technical qualities of traditional binders while also being safe and renewable? Our answer to this question is NeoLigno® by Stora Enso.

Michael Grech succeeded Thomas Komin on March 1, 2022 and is thus the new Head of Sales SC Paper for the global sales of supercalendered papers of the "Grapho" brand at Laakirchen Papier. In his function, Michael Grech is the first point of contact for SC customers.

All the major shareholder groups of Norske Skogindustrier ASA have indicated their strong support for the consensual recapitalization solution between the Unsecured Committee and the Senior Secured Noteholder Committee reached yesterday. Among the 20 largest shareholders, who control about 38 % of the total number of shares in Norske Skogindustrier ASA, there are already over 75 % support for the recapitalization proposal. At the last general meetings, there have been about 35 - 40 % attendance from the shareholders, where the largest shareholders would constitute more than 90 % of the votes. The transaction will need the support of existing shareholders of Norske Skogindustrier ASA, with a 2/3 majority in an extraordinary general meeting. Among the 20 largest shareholders, there are some nominee accounts, where the shareholder is not known to the public or the company. Such nominee accounts represent almost 20 % of the total number of shares controlled by the 20 largest shareholders, and their vote is therefore unknown to the company. "We are pleased to see that all known major shareholders will support the recapitalization transaction. As repeatedly stated, all alternatives to a consensual solution will entail significantly less value for all parties and rather complicated insolvency processes. If the proposal is successful, the transaction will reduce the group's gross debt from approximately NOK 9 billion to approximately NOK 3 billion and reduce annual cash interest costs from approximately NOK 600 to 200 million", says Mr. Christen Sveaas, chairman and the largest shareholder of Norske Skogindustrier ASA. Click Read More below for additional information.