Stockholm, Sweden 07 January 2013 -- The Rottneros Group has decided to continue to produce groundwood pulp at Rottneros Mill. The initiative to improve the groundwood mill's process has resulted in the mill producing and marketing a new grade with properties that are particularly attractive to board manufacturers.
There are plans to produce between 40,000 and 50,000 tonnes of groundwood pulp in 2013 and it will constitute the new board grade as well as current printing paper grades.
The Board of Rottneros announced in May 2012 that it had entered into negotiations concerning the termination of continuous groundwood pulp production at Rottneros Mill. Negotiations, which were concluded mid-year, resulted in the organisation having to reduce its staff by around 50 posts. Twenty or so employees are now being offered continued work.
Rottneros discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The Information was submitted for publication on Monday, 7 January 2013 at 14.30 CET.
Rottneros is an independent producer of market pulp. The Group comprises the parent company Rottneros AB, listed on NASDAQ OMX Stockholm, and its subsidiaries Rottneros Bruk AB and Vallviks Bruk AB with operations involving the production and sale of market pulp. The Group also includes the wood procurement company Rottneros Baltic SIA in Latvia. The Group has around 298 employees and had a turnover of approximately SEK 1.5 billion in the 2011 financial year.