Norske Skog
 |
|
| Allmennaksjeselskap (: ) | |
| Industry | Pulp and paper |
| Founded | 1962 |
| Headquarters | Lysaker, Norway |
|
Key people
|
Sven Ombudstvedt (President and CEO), Eivind Reiten (Chairman) |
| Products | Newsprint and magazine paper |
| Revenue | NOK 18.99 billion (2012) |
 (NOK 2.684 billion) (2012)
|
|
| Profit |
 (NOK 2.545 billion) (2012)
|
| Total assets | NOK 16.061 billion (end 2012) |
| Total equity | NOK 4.314 billion (end 2012) |
|
Number of employees
|
4000 (2012) |
| Website | www.norskeskog.com |
Norske Skogindustrier ASA or Norske Skog, which translates as Norwegian Forest Industries, is a Norwegian pulp and paper company based in Oslo, Norway and established in 1962. The corporation is the world's largest producer of newspaper (newsprint) and magazine paper, with 18 mills around the world.
Norske Skog started up in 1962 with the construction of a paper mill at Skogn in Norway, with the plant opening in 1966 and a second paper machine in 1967. Half the capital for the project was issued by the Norwegian Forest Owners Association. In 1972 Norske Skog started a cooperation with Follum Fabrikker in Hønefoss. By 1989 Norske Skog had acquired Follum Fabrikker and Union in Skien as well as Saugbrugsforeningen in Halden. With this Norske Skog controlled all the pulp and paper mills in Norway.
The first international acquisition came in 1992 when Norske Skog Golbey in Lorraine, France. Norske Skog later bought the entire plant in 1995. Norske Skog expanded with purchases in Austria in 1996 and the Czech Republic in 1997. In 1998 Norske skog purchased mills in Thailand and the Republic of Korea.
In 2000 Norske Skog bought the British Columbia based Fletcher Challenge Canada with nine mills and Pacifica Papers (formerly MacMillan Bloedel) and created NorskeCanada. It absorbed the Australian Newsprint Mills, a subsidiary of Fletcher Challenge at the same time. By 2006 Norske Skog had sold its shares in NorskeCanada and the company has changed its name to Catalyst Paper.
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Wikipedia