Partially Norwegian owned Malaysian Newsprint Industries (MNI) goes bankrupt

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One of the leading manufacturers and suppliers of paper across South East Asia with customers from Malaysia, Singapore, and Hong Kong goes bankrupt. The Norwegian company Norske Skog is a partial owner of the company together with Hong Leong Group, The New Straits Times Press, and Rimbunan Hijau Group.

The board of directors has concluded that the company no longer can proceed do to a very low demand on newspaper. In the past three years, the company has lost money according to the media group Media Prima Berhad. MNI trademarked itself on using 100% recycled fiber in its manufacturing operations.

The company was established in 1996, in Pahang Mentakab as an attempt to allow Malaysian and Singaporean newspaper to source their newsprint without having to import.

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