Thursday, April 24, 2014
New Boyer paper wins praise
Releasing the company's latest financial statement today, Mr Ombudstvedt said operating revenue had decreased compared to the previous quarter, reflecting the standstill of the machine under conversion at Boyer. "The converted paper machine in Australia will contribute to gross operating earnings from the second quarter," he said.
Commissioned in 1952 and rebuilt in 1991, Paper Machine 2 (PM2) at Boyer has been converted to produce lightweight coated paper suitable for magazines and catalogues. At present, all of Australia's magazine-grade paper has to be imported.
The other paper machine at Boyer, PM3, has been in service since 1969 (rebuilt in 1989 and 1996) and will continue to produce newsprint for Australia's newspapers including the Mercury and the Derwent Valley Gazette.