The Norske Skog group has decided to invest about AUD 7 million to upgrade the Nature’s Flame wood pellets facility in New Zealand to more than double its annual production capacity to 85,000 tonnes. The increased production capacity will be commissioned in the fourth quarter of 2019. The approval of the 85,000 tonne capacity upgrade is also a building block for potential further expansion of Norske Skog’s pellet operations in New Zealand. Mr. Eric Luck, Regional President Norske Skog Australasia, comments: “The investment supports Norske Skog Australasia’s ongoing strategy to “Build Our Future from Fibre and Energy”. The additional production capacity is aimed at producing premium industrial grade pellet fuels for both the domestic New Zealand commercial and industrial market, as well as for the rapidly growing Japanese and Korean green energy generation markets.” Click read more below for additional detail.
Insolvent German paper mill Scheufelen is being wound up, according to German media reports.
The Lenningen-based company filed for insolvency in February, seven months after it was resurrected as Scheufelen GmbH after securing investment from Berlin-based Green Growth Fund 2/Wermuth Asset Management, Hamburg-based Nordia Invest and Scheufelen Equity Partners.
The company’s predecessor Papierfabrik Scheufelen had filed for insolvency at the end of January 2018.
The German press has now reported that Scheufelen GmbH is being wound up, with 75 of its remaining 95 staff let go on 1 May, the day that wages and salaries of the staff were understood to have been secured until.
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