UPM has finalized the sale of the Steyrermühl site to Heinzel Group which was announced in June 2022.
Jan 02, 2024
UPM has announced the finalization of the sale of the Steyrermühl site and all related assets to Heinzel Group, thereby closing the transaction announced in June 2022. The production capacity of the mill 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.
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Mr. Massimo Reynaudo, UPM President and CEO, said, “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.”
