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Borregaard: Supply of lignin raw material from Sniace to LignoTech Ibérica has been resumed

The dissolving pulp mill in Torrelavega, Spain was shut down in the summer of
2013 due to the financial difficulties of its owner, the Sniace Group. As a
result, supply of lignin raw material to LignoTech Ibérica, owned by
Borregaard (60%) and Sniace (40%), was stopped. The lignin operation has
since then been running at a low level of activity, based on raw material
supplied from other sources. Following the successful refinancing of the
Sniace Group earlier this year, pulp production has now been started up
again. The supply of lignin raw material to LignoTech Ibérica has therefore
been resumed. After a stable operation of the pulp mill has been achieved it
is expected that supply of lignin raw material will correspond to an annual
lignin production of about 35,000 tonnes. In a second phase, after
investments in new equipment, Sniace plans to restart the downstream viscose
textile operation on site. This will eventually provide sufficient raw
material to bring the production at LignoTech Ibérica back to 65,000 tonnes
per year.

For background information, see Borregaard's stock exchange notices from27
Mayand21 March 2016, 8 September, 25 July and 26 June 2013

Jørn Syvertsen, Director Investor Relations, +47 958 36 335

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Borregaard via Globenewswire

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