This article outlines how a top European papermaker is building a solid future down under based on investments in upgraded capacity and productivity improvements -- and intelligent harnessing of New Zealand's natural assets. Norske Skog made its strategic move down under in 2000, when it bought up the Tasman mill in Kawerau, in New Zealand's North Island, plus two mills in nearby Australia from Fletcher Challenge. The investment gave the company 945,000 tonnes/yr of capacity in the two countries. In 2005, Norske SkogAustralasia embarked on the "Project 315K" modernization of the Tasman mill. The work was designed to overhaul the operations that the Norwegian newsprint giant had acquired five years previously. In October this year, Mighty River Power will start up the Kawerau Geothermal Power Station adjacent to the Tasman mill. Norske Skog does not own any forests but enters into long term contracts with local saw millers and forest owners to secure the fiber required.