Vallvik, Sweden 14 November 2017 -- (News release) -- Rottneros' Board has granted further investments in the CTMP line at its Rottneros Mill in Sweden. The investment increases capacity by approximately 18,000 tonnes per year and is expected to be operational in the fall of 2018. Rottneros to invest $14 million in CTMP line.

The investment follows the strategic development plan Agenda 500, where a first capacity-enhancing investment in the CTMP line was made in 2016. Within Agenda 500, Rottneros Mill has put into operation a bio mass boiler in the third quarter of 2017 that replaces an oil-based boiler and made the mill practically fossil-free. The expansion of the purification plant is an ongoing investment that is expected to be put into operation in 2018.

The Vallvik Mill was granted a new environmental permit in 2016 which allows production of 255,000 tonnes of chemical pulp per year. The permit also includes increased requirements regarding sulfur emissions. In order to meet the requirements, the mill will invest in a weak gas collection system. Final negotiations with the potential suppliers will begin immediately. The investment is expected to be put into operation in fourth quarter of 2018.

Rottneros is an independent producer of market pulp.