Major unsecured creditor rejects Norske Skog recapitalisation proposal

Norske Skog wrapped up its 2022 business year with “strong results in uncertain times,” mainly thanks to higher sales prices. Despite deliveries declining by 12 per cent or 240,000 t year on year, the publication paper producer was able to increase its annual sales by nearly 50 per cent. The company attributed the drop...

Spain’s forest, pulp and paper group Iberpapel, the parent company of the Papelera Guipuzcoana de Zicuñaga, has posted a strong result for the financial year 2022. “In a year marked by macroeconomic and geopolitical uncertainty” the group increased its sales by almost 25 per cent to €295m. The group’s Ebitda increased...

Swiss industrial holding CPH group reported a strong year in all business segments. All three business divisions – Paper, Packaging and Chemistry – raised their 2022 net sales on higher sales prices, the group explained. The group’s net sales increased by 46 per cent against the previous year to CHF725m in 2022. Higher...