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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......