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July 19, 2016

Norvik completes sale of Jarl Timber and becomes a shareholder of Bergs Timber

This month Norvik hf. closed a deal of selling Jarl Timber AB at Broakulla, Sweden to Bergs Timber AB in Mörlunda, Sweden. Through this transaction, Norvik has become 29% shareholder in Bergs Timber.
Jarl Timber, founded in 1946, is located in the region of Småland, which is at the very heart of Sweden's timber country. The sawmill processes and distributes about 110 000 m3 of sawn and planed timber. Around 85% of the production is sold for exports to Europe, North Africa, Middle East and Far East.
Bergs Timber makes sawn and processed timber products at their three Swedish sawmill plants in Mörlunda, Orrefors and Gransjö, as well as at the timber preservation company Bitus, located in Nybro. The group’s sawmills are equipped with planing mills for processing, and all plants are situated within range of 100 kilometres. Total sawmill capacity is approximately 390,000 m³ of sawn timber, of which more than half is processed. Over the financial year, sawmill production totalled 283,000 (293,000) m³. Bitus produces around 155,000 m³ of preserved timber per year. Of the Company’s timber products, more than 70 percent is exported, mainly to the UK, USA, Scandinavia and the Middle East/North Africa.
By-products from manufacture are mostly sold to the pulp and particleboard industries. Timber raw materials are obtained primarily from the areas surrounding the group’s sawmills. The group offers a full range of silvicultural services, ranging from advising forest owners, to clear felling.

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