Ailing Norske Skog strives to survive

NEWS ANALYSIS: Forest products firm Norske Skog was once one of Norway’s top industrial companies, founded by forest owners in 1962 and still one of the world’s largest producers of paper for publications. Now it’s struggling to ward off bankruptcy after an international expansion program left it saddled with debt, while new technology has cut demand for its products. […]

Forestry firm’s fate may lie with state

Shares in crisis-ridden forestry firm Norske Skog rebounded this week after Prime Minister Erna Solberg wouldn’t rule out contributing to a rescue plan for the last major receiver of timber in Norway. While some wealthy forest owners and investors seem to welcome state assistance, others warn against it. The fate of Norske Skog is likely to set […]

Tough times in the timber industry

One of Norwegian forest owners’ most important local customers will be going out of business this weekend, when the Södra Cell Tofte cellulose firm shuts down in Hurum. It’s the latest in a string of mill closures in recent years and it’s also forcing job cuts at Viken Skog, the forestry cooperative that tried unsuccessfully […]