magazine paper

Heinzel Group recently announced the successful completion of its acquisition of the Steyrermühl paper mill in Upper Austria from UPM. This strategic move reinforces Heinzel’s commitment to sustainability and growth in the paper and packaging industry. The acquisition agreement for the mill including its roughly 400 employees was signed in June 2022 for a takeover in 2024.

Already in March 2023 the ownership of an idled graphic paper machine in Steyrermühl was transferred to HEINZEL GROUP and a conversion project there is well on track. Once converted by the second quarter of 2024, the machine will produce up to 150,000 tons of brown and white low-grammage kraft papers per year to be marketed under HEINZEL GROUP’S well-established STARKRAFT brand.

With the closing of the transaction HEINZEL GROUP has now also taken over the Steyrermühl sawmill, a local power plant run with biomass and residues, and other facilities. HEINZEL GROUP plans to develop Steyrermühl into a supply center for heat and renewable energy for both the neighboring Laakirchen paper mill and the wider Laakirchen community. Projects include the construction of a second power plant, a large steam pipeline, and the expansion of district heating. “Our planned investments will not only secure a sustainable future for Steyrermühl and its employees, but they will also help the whole HEINZEL GROUP reduce the use of fossil fuels and reach our ambitious climate targets”, says Sebastian Heinzel, CEO of HEINZEL GROUP.

At five sites in Europe, Heinzel Group produces market pulp, packaging paper and magazine paper and trades in cellulose, paper, recycled fiber, and packaging solutions.

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Norske Skog has worked closely with the insurance company, equipment suppliers, and other parties to determine the extent of damages following the rockslide on 27 April. The rockslide caused significant damage to buildings, cranes, machinery, and equipment associated with paper machine 6 (PM6). A settlement has now been reached between Norske Skog Saugbrugs and the insurance company regarding insurance coverage for both business interruption and property damage, estimated up to NOK 2.4 billion, which will jointly be covered by the insurance company, the Norwegian Natural Perils Pool, and reinsurers.

“The rockslide on 27 April this year was a traumatic experience for Saugbrugs employees, Halden residents, and Norske Skog. Fortunately, no one was physically injured in the rockslide, but PM6 and its associated building structures sustained substantial damage. After significant efforts from mill employees and other stakeholders, we are pleased to have reached an agreement with our insurance company for both business interruption and property damage, estimated up to NOK 2.4 billion. We have had an excellent dialogue and been treated very fairly by our insurance company throughout the process,” says Geir Drangsland, CEO of Norske Skog.

خواندن ادامه مطلب ←

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اخبار خارجی

Heinzel Group completes acquisition of Steyrermühl paper mill from UPM

اخبار خارجی

Settlement agreed on insurance coverage for Norske Skog Saugbrugs