UPM finalized the sale of its Steyrermühl site to HEINZEL GROUP
02 Janeiro 2024 - 9:30AM
UPM finalized the sale of its Steyrermühl site to HEINZEL GROUP
(UPM, Helsinki, 2 January 2024 at 14:30 EET) – UPM has completed
the sale of Steyrermühl site and all related assets to HEINZEL
GROUP, thereby closing the transaction announced in June 2022.
UPM Steyrermühl was founded in 1868 and produced newsprint paper
until the end of Q2 2023. Production capacity during the last years
was 320,000 tonnes annually. The site also includes a sawmill with
an annual timber capacity of 370,000 cubic meters.
“Throughout the whole process we collaborated closely with
HEINZEL to ensure a smooth transition. The closing of the newspaper
production in Steyrermühl ended a very successful chapter of UPM
Communication Papers' paper production history in Austria and now
the Steyrermühl mill also has a new owner after the completion of
the sale. I want to thank our colleagues in Steyrermühl for their
committed and professional work over the past century and a half. I
am convinced that the upcoming transformation of the mill will
provide good prospects for both the people at Steyrermühl and for
the region as such,” says Massimo Reynaudo, UPM
President and CEO.
UPM will remain committed to the newsprint business as one of
the industry’s leading producers, continuing newsprint production
at its Schongau, Ettringen, Hürth and Jämsänkoski mills. UPM will
also remain committed to the Austrian newsprint market, serving
customers from its remaining newsprint mills.
For further information please contact:UPM
Communication Papers, Stakeholder Relations, tel. +49 821 3109 225,
paperinfo@upm.com
UPM, Media Relations Mon-Fri 9:00-16:00 EETtel.
+358 40 588 3284media@upm.com
UPM Communication PapersUPM Communication
Papers is the world's leading producer of graphic papers, offering
an extensive product range for advertising and publishing as well
as home and office uses. The high performing papers and service
concepts of UPM add value to our customers' businesses, while
actively fulfilling demanding environmental and social
responsibility criteria. With headquarters in Germany, UPM
Communication Papers employs approximately 6,300 people. More about
UPM Communication Papers and its products
at www.upmpaper.com
Follow UPM Communication Papers on LinkedIn
UPMWe deliver renewable and responsible
solutions and innovate for a future beyond fossils across six
business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty
Papers, UPM Communication Papers and UPM Plywood. As the industry
leader in responsibility, we are committed to the UN Business
Ambition for 1.5°C and the science-based targets to mitigate
climate change. We employ 17,200 people worldwide and our annual
sales are approximately EUR 11.7 billion. Our shares are listed on
Nasdaq Helsinki Ltd. UPM Biofore – Beyond
fossils. www.upm.com
Follow UPM
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#UPM #biofore #beyondfossils
HEINZEL GROUPAt four sites in Europe, HEINZEL
GROUP produces market pulp, packaging paper and magazine paper and
trades in in cellulose, paper, wastepaper and packaging solutions.
With its production companies Zellstoff Pöls, Laakirchen Papier,
Raubling Papier and Estonian Cell, HEINZEL GROUP is one of the most
important cellulose and paper producers in Central and Eastern
Europe. The three trading companies of HEINZEL GROUP –
heinzelsales, Europapier and Bunzl&Biach – respond flexibly to
diverse international customer requirements. The group’s success is
based on its entrepreneurial spirit and a commitment to
long-standing partnerships. Sustainability is a focal point of all
activities at HEINZEL GROUP.
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