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Norske Skog ASA ( (DE:0BQ) ) has issued an announcement.
Norske Skog Saugbrugs has signed a letter of intent with data center operator Green Mountain to explore establishing a data center at its industrial property in Halden, Norway, leveraging the site’s infrastructure and unique attributes for digital services. The initiative follows the launch of a zoning process to permit data center operations at the site and will involve cooperation with the municipality and local stakeholders to complete regulatory requirements.
The proposed data center is positioned as a potential driver of local economic growth through increased investment, value creation, and job creation in the Halden region. In parallel, Norske Skog continues to assess a possible conversion of its PM6 machine at Saugbrugs for SC magazine paper and kraftliner production, signaling a broader strategic review of the mill’s future industrial configuration, with financial advisor ABG Sundal Collier supporting the process.
More about Norske Skog ASA
Norske Skog ASA is a Norway-based producer of packaging and publication paper with four mills in Europe, supplying testliner, fluting, newsprint, and magazine paper primarily to European markets. The company, listed on the Oslo Stock Exchange under ticker NSKOG, has annual production capacities of 0.8 million tonnes of packaging paper and 1.3 million tonnes of publication paper, employing around 1,650 people from its Oslo headquarters.
Its Saugbrugs mill in Halden employs about 350 people, generates turnover of NOK 1.8 billion, and produces 200,000 tonnes of SC magazine paper mainly for Europe, while also producing 2.7 million cubic meters of biogas annually. Partner Green Mountain designs, builds, and operates highly secure, energy-efficient data centers in Norway, Germany, and the U.K., powered entirely by affordable renewable energy.
Average Trading Volume: 225,113
Current Market Cap: NOK1.83B
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