Company type | Joint venture |
---|---|
Industry | Pulp and paper |
Headquarters | Seoul, South Korea |
Products | Newsprint, magazine paper |
Owner | Morgan Stanley Private Equity Asia (58%) Shinhan Private Equity (42%) |
Website | jeonjupaper.com |
Jeonju Paper Corporation, trading as Jeonju Paper, is a South Korean pulp and paper company. Headquartered in Seoul, it operates Jeonju Mill and Cheongwon Mill, with a combined 1,030,000 tonnes annual production of paper, mostly newsprint. The company is owned by Morgan Stanley Private Equity Asia (58 percent) and Shinhan Private Equity (42 percent). The company was established as the South Korean operating subsidiary of PanAsia Paper on 1 February 1999, PanAsia Paper Korea. Ownership passed to Norske Skog in 2005, with the company becoming Norske Skog Korea. They sold the company to the current owners in 2008, after which the current name was adopted.
Jeonju Mill was established in January 1965 as Seahan Paper. [1] Production with PM1 started in 1968, when the company took the name Jeonju Paper. It was the first thermomechanical pulp mill in South Korea, sourcing its fiber from domestic red pine. The mill had an initial production capacity of 150,000 tonnes. Later expansions at the mill were based around deinkled pulp. [2] The mill was bought by Hansol in October 1992, changing the group's name to Hansol Paper. [1]
Cheongwon Mill was established by Shin Ho Paper, with construction starting in March 1994. [1] Shin Ho was struck hard by the 1997 Asian financial crisis. [3] They sold two of their mills in Thailand, Cheongwon and Singburi Mill, to the Norwegian pulp and paper company Norske Skog on 18 September 1998. [4] Cheongwon Mill became Norske Skog Korea. [1]
Meanwhile, Hansol entered negotiations with Norske Skog and the Canadian pulp and paper company Abitibi Consolidated to merge their Asian mills and sales efforts under a common ownership. [5] On 30 July 1998 the three companies agreed to merge their newsprint holdings in Asia, founding PanAsia Paper Company with head offices in Singapore. PanAsia received full ownership of the two Korean mills, as well as partial ownership of Singburi Mill and Shanghai Mill in China. [6] The new company was formed on 1 February 1999. [7] Operations in Korea were established through the company PanAsia Paper Korea. [1]
Hansol sold its third of PanAsia to Abitibi and Norske Skog in August 2001. Norske Skog bought Abitibi's shares in November 2005, and PanAsia became part of Norske Skog, with the Korean operating company taking the name Norske Skog Korea Co., Ltd. in January 2006. [1] Around this time, the newsprint market started to decline, both because of higher input prices and a decline in global newspaper production. Norske Skog, which had sold all non-core assets to specialize in newsprint and magazine paper, was especially hard hit by the Great Recession. It subsequently carried out a gradual closing and sale of most of its mills. [8]
The Korean operations were the first of Norske Skog's mills to be demerged, in June 2008. [9] Purchasers were Morgan Stanley Private Equity Asia (58 percent) and Shinhan Private Equity (42 percent). [1] Norske Skog Korea was sold for 830 million United States dollars, of which $620 was paid for in cash and the remained through the assumption of inherent debt. [10] They change the company's name to Jeonju Paper corporation in September 2008. [1]
The following is a list of the mills and paper machines (PM) operated by Jeonju Paper. It lists, for each paper machine, the type of paper produced, the annual production in tonnes, the trim width in millimeters and the speed in meters per minute. [1]
Mill | PM | Product | Production | Trim width | Speed |
---|---|---|---|---|---|
Jeonju | PM3 | GWS | 97,000 | 4728 | 610 |
PM5 | Newsprint/GWS | 186,000 | 7880 | 1093 | |
PM6 | Newsprint | 272,000 | 7880 | 1528 | |
PM7 | Newsprint | 285,000 | 7880 | 1567 | |
Cheongwon | PM1 | Newsprint | 183,000 | 6380 | 1300 |
Norske Skog ASA, formerly Norske Skogindustrier ASA, which translates as Norwegian Forest Industries, is a Norwegian pulp and paper company established in 1962. The company has long been one of the world's leading manufacturers of newsprint and magazine paper. Due to a declining market for publication paper, the company has increasingly focused on other uses of timber and recycled paper, such as packaging. The company is headquartered in Norway and has factories in five countries and an annual production of approximately 2 million tonnes of paper (2020).
Catalyst Paper Corporation is a pulp and paper company based in Richmond, British Columbia. It operates five pulp mills and paper mills, producing a combined 1.8 million tonnes of paper and 491,000 tonnes of market pulp annually. The mills mostly produce magazine paper and newsprint.
Norske Skog Skogn AS is a pulp mill and paper mill situated in Levanger, Norway, which produces newsprint. Situated on the Fiborgtangen peninsula in Skogn, the mill has three paper machines with a total annual capacity of 600,000 tonnes. Pulp is produced both from virgin fibers at an on-site thermomechanical pulp (TMP) mill and from recycled paper at a deinking (DIP) mill. Part of Norske Skog, it is the sole remaining newsprint mill in Norway.
Norske Skog Saugbrugs AS is a pulp mill and paper mill located in Halden, Norway, which produces supercalender (SC) magazine paper. Located in the river Tista in Tistedalen, the mill produces 550,000 tonnes per year in three paper machines. Pulp is produced both from virgin fibers at an on-site thermomechanical pulp (TMP) mill. Part of Norske Skog, it is the sole remaining magazine mill in Norway.
Norske Skog Follum is a paper mill located in Follum in Norway. The mill is part of the Norske Skog Corporation and opened in 1873 with the name Follum Fabrikker. It has three paper machines and produces 410,000 tonnes of newsprint annually.
Norske Skog Union was a paper mill located in Skien in Norway. The mill was part of the Norske Skog Corporation and opened in 1873 with the name Union Co. The mill had two paper machines that produced 240,000 tonnes of newsprint and book paper. It was closed down in 2006.
Parenco B.V. is a paper mill located in Renkum, Netherlands, on the shore of the Rhine. The mill was established on the site of an older mill in 1912 by Van Gelder & Zonen. The company operates two paper machines PM1 and PM2. PM1 has a capacity of 265,000 tonnes per year and is used for the production of so-called SC-B paper for magazines and advertising brochures. The other machine, PM2, was idled in 2009 by its then owner due to the declining demand of newsprint paper. This machine will be converted and from mid-2016 will produce about 385,000 tons of packaging paper, intended for the production of corrugated board.
The Tasman Mill site is a pulp and paper mill located on Fletcher Avenue just outside the town of Kawerau in New Zealand. The Tasman Mill site is the largest single employer in the Eastern Bay of Plenty region. Three pulp or paper companies previously operated in Kawerau: Norske Skog operated the mechanical pulp mill and newsprint paper mill; Oji Fibre Solutions, formerly Carter Holt Harvey, operated the kraft pulp mill; and SCA who manufacture tissue and base paper.
Abitibi Power and Paper Company Limited was a forest products business based in Montreal, Quebec, that was founded in 1914. The firm was a mainstay of the Canadian newsprint industry in the first half of the 20th century, and now forms part of Abitibi-Consolidated.
Port Alberni Mill is a paper mill located in the Canadian town of Port Alberni, British Columbia, on the edge of the Alberni Inlet. Part of Paper Excellence, the mill has two paper machines which produce 336,000 tonnes. Port Alberni Mill produces directory, lightweight coated paper, and specialty papers. The mill's papers are used in telephone directories, catalogues, magazines, brochures, inserts, flyers, and in food grade applications. The mill has 310 employees as of 2020.
Crofton Mill is a pulp mill and paper mill located in the Vancouver Island town of Crofton, British Columbia. The mill has 3 paper machines and 2 pulp machines, which produce 349,000 tonnes of newsprint and directory paper, and 355,000 tonnes of northern bleached softwood kraft.
Elk Falls Mill was a pulp mill and paper mill located in the Canadian town of Campbell River, British Columbia, operating between 1952 and 2010. At the end of its life, the mill had three paper machines, with a combined annual production of 373,000 tonnes of newsprint and 153,000 tonnes specialized papers.
Powell River Mill was a pulp mill and paper mill located in the Canadian town of Powell River, British Columbia. Part of Catalyst Paper, the mill has three paper machines which produce 469,000 tonnes of newsprint and uncoated fine paper. The mill had 441 employees as of 2014.
Snowflake Mill was a pulp mill and paper mill located in the US town of Snowflake, Arizona. The mill had two paper machines which produced 339,000 tonnes of newsprint and uncoated fine paper. It sourced its fiber from two deinking pulp lines. The mill had 293 employees as of 2014. Transport to and from the mill was carried out on the Apache Railway.
Cheongwon Mill is a pulp mill and paper mill situated in Cheongju, South Korea. Owned by Jeonju Paper, the mill sources its fiber from deinking to feed a single paper machine producing newsprint. PM1 has an annual production of 183,000 tonnes, featuring a trimmed width of 6,380 millimeters (251 in) and a production rate of 1,300 meters (4,300 ft) per minute.
Jeonju Mill is a pulp mill and paper mill situated in Jeonju, South Korea. Owned by Jeonju Paper, the mill produces 850,000 tonnes of newsprint and magazine paper annually. The mill sources fibers both from virgin wood, including sawmill residue, as well as from deinking. The mill has four paper machines. The mill has the third-largest production capacity for newsprint in the world and the largest deinking mill in the world.
Asia Honour Paper Industries (M) Sdn. Bhd., formerly known as Malaysian Newsprint Industries Sdn. Bhd., is a pulp and paper company based in Malaysia. It operates a single pulp mill and paper mill in Mentakab, Pahang, which produces an annual 280,000 tonnes of newsprint sourced entirely from deinked pulp from recycled paper. In 2017, MNI was the largest supplier for Media Chinese International Ltd, which owns local mandarin newspapers such as Sin Chew Daily and Nanyang Siang Pau.
Singburi Mill is a pulp mill and paper mill situated in Sing Buri, Thailand. Owned by the CAS Group, the mill sources its fiber from deinking to feed a single paper machine producing newsprint. PM1 has an annual production of 125,000 tonnes. The mill had 239 employees in 2013, and was the sole manufacturer of newsprint in Thailand, approximately producing the entire country's consumption.
Norske Skog Walsum is a pulp mill and paper mill situated in the Duisburg neighborhood of Walsum, the German state of North Rhine-Westphalia. The mill starts operations in 1962, established by Haindl and owned by Norske Skog from 2001. Since the 1990s the mill had two paper machines producing lightweight coated paper, a type of magazine paper. Both paper machines have a trimmed width of 725 centimeters (285 in). PM4 has an annual production of 225,000 tonnes, PM10 has 215,000 tonnes. The mill used as its source one-third thermomechanical pulp, one-third kraft pulp and one-third coating. The mill is situated on the Rhine. Until production curtailment in 2013, the mill employed 460 people.
Trading as Norske Skog Boyer, the Boyer Mill is a pulp and paper mill located in Boyer, Tasmania, Australia. Constructed in 1941 by Australian Newsprint Mills, the mill was the first producer of newsprint paper in Australasia. Producing 260,000 tonnes of product in 2020, the mill is currently Australia's only manufacturer of newsprint and magazine-grade paper. The mill's operations make a substantial contribution to Tasmania's gross state product, estimated at $390 million. Boyer Mill has been owned and operated by the Norwegian pulp and paper company Norske Skog since 2000.