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UPM, Sappi Signs Definitive Agreement on the Graphic Paper Joint Venture

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UPM has signed a definitive agreement to form a graphic paper joint venture with Sappi. UPM and Sappi will contribute their respective businesses and assets to the joint venture with a combined enterprise value of EUR 1,420 million. The parties have secured EUR 600 million of external financing for the......
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UPM to Reduce Graphic Paper Capacity in Germany

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UPM Communication Papers plans to permanently close its Hürth newsprint mill and shut down one fine paper machine at Nordland Papier (PM 3) at Dörpen. It will reduce the company’s annual newsprint paper capacity by 330,000 tonnes and uncoated fine paper capacity by 280,000 tonnes in Germany.  Jun 6, 2024......
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UPM Completes the Sale of its Steyrermühl Site to Heinzel Group

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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......
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UPM Announces Permanent Closing of Plattling Mill in Germany

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UPM Communication Papers will permanently be closing down its Plattling mill, based in Germany. This planned closure will result in a permanent reduction of 380,000 tonnes of uncoated publication paper and 215,000 tonnes of coated publication paper. The plans will strengthen the overall cost competitiveness of UPM Communication Papers. Jul......
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UPM Communication Papers Plans Capacity Reduction at Germany and Austria Plants

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UPM Communication Papers has planned capacity reductions for its Germany and Austria based paper plants by Q2 2023. The decision is in wake of decade-long characterization of industry for demand decline. The reduction will help the company to save annual fixed costs of approximately EUR 13 million. March 22, 2023......