Norske Skog’s EBITDA in the first quarter of 2021 was NOK 112 million, a decrease from NOK 146 million in the fourth quarter of 2020. The markets are still impacted by the Covid-19 imposed restrictions, but are expected to improve during the year as a result of both already effectuated, but also newly announced capacity closures. As announced earlier today, Norske Skog’s board of directors has made a EUR 100 million investment decision to convert one machine at the Bruck (Austria) industrial site from newsprint to recycled containerboard production. This is the first major step of the two planned European conversion projects in the group’s strategy of establishing Norske Skog as a leading independent European producer of recycled containerboard. Cash flow from operations was NOK 163 million in the quarter compared to NOK 73 million in the previous quarter, mainly due to a reduction in working capital related to Norwegian CO2-compensation received for 2020 in the quarter. Operating earnings in the first quarter of 2021 were NOK 204 million compared to operating earnings in the fourth quarter of 2020 of NOK -1 276 million. The quarter was positively affected by non-cash change in fair value of energy contracts in Norway and New Zealand amounting to NOK 199 million. Net profit in the quarter was NOK 194 million compared to a net loss of NOK -1 363 million in the previous quarter. Net interest-bearing debt was NOK 401 million at the end of the first quarter, with an equity ratio of 43 %.
To meet customer demand for sustainable direct thermal printing labels, Neenah announces the market launch of water-dispersible DISPERSA® DT (Direct Thermal), an innovative extension to its popular DISPERSA® portfolio. DISPERSA DT was developed as a sustainable solution for applications such as food rotation labels and reusable plastic container labels.
Using the innovative technology developed for their paper-based DISPERSA line, Neenah added a direct thermal print coating to DISPERSA DT labels that are designed to disperse in water along with any imprinted or handwritten graphics.
“In direct thermal printing, media selection has a direct impact on the life of the print head. Our proprietary direct thermal coating is less abrasive which contributes to less coating residue build up on the print heads and more life out of your equipment,” says Kelli Clark, Label Product Manager for Neenah.
The entire DISPERSA product line of labels, tags, and pouches, is designed for functionality with sustainability in mind. All products, including DISPERSA DT, are made with FSC® controlled fibers and several of the products have been tested for flushability and bio-based content.
“Direct thermal printing fits well with the value of DISPERSA. The absence of ribbons and other consumables combined with the smaller footprint of direct thermal printers matches the sustainability pillar on which DISPERSA stands. Our R&D scientists are always looking for ways to bring innovations to life. We work closely with customers to understand their needs, and as a result, products like DISPERSA DT become a reality,” concludes Clark.