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Peterson to reduce number of plants and move head quarter

Feb 4 2011  Norwegian packaging and kraftliner producer Peterson plans to reduce the number of packaging plants. The corporate head quarter will be moved from Moss to Sarpsborg.

Peterson’s kraftliner mill in Moss is still the biggest unit within the group, but Peterson will, according to Andreas Enger, CEO, focus more on packaging rather than paper and liner production in the future.Peterson’s largest packaging plant is located in Sarpsborg in southernmost Norway. The company will, in the near future, move its corporate head quarter from Moss to Sarpsborg.Currently Peterson has around ten packaging plants in the Nordic and Baltic countries. However, Andreas Enger has told Norwegian media, that it is likely that the number of units will be reduced in the future.Peterson Kraftliner in Moss has during the last years suffered from poor profitability. Recently the company paid its creditors around 50 million Norwegian Kroner, according to the outcome of a public composition.

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