UPM sells its Schwedt mill to LEIPA Georg Leinfelder GmbH
(Thomson Reuters ONE) -
(UPM, Helsinki, 26 April 2016 at 9:00 EET) - UPM has signed an agreement to sell
its Schwedt newsprint mill site and relevant assets to LEIPA Georg Leinfelder
GmbH for the aim of a conversion into liner production. The entire personnel of
Schwedt mill will transfer to LEIPA as old employees. The transaction price is
EUR 70 million. The transaction is subject to customary third party approvals.
As part of the transaction, the parties have agreed to enter into a contract
manufacturing agreement for newsprint for a transition period which would end
latest at the end of 2017. The mill's capacity is 280,000 tonnes of newsprint
annually.
LEIPA will convert the mill into liner production. The planned production
capacity would be approximately 450,000 tonnes of liner annually.
"With this transaction UPM and LEIPA will have an improved opportunity to
develop their businesses to meet the market needs. LEIPA is a solid and
successful player in the liner business," says Winfried Schaur, Executive Vice
President, UPM Paper ENA.
"The negotiations with LEIPA have proceeded well and we believe that the
transaction will bring benefits to the employees in the form of future
employment at a converted site," says Schaur.
UPM continues newsprint production at its Chapelle, Kaipola, Hürth, Schongau,
Shotton and Steyrermühl mills.
For further information please contact:
UPM Paper ENA media contact: Klaus Kohler, Manager Stakeholder Relations,
klaus.kohler(at)upm.com, Tel. +49 821 3109-225
LEIPA media contact: Nenad Nemarnik, LEIPA Group GmbH, Director Marketing and
Sales Coordination, nenad.nemarnik(at)leipa.de, tel. +49 160 2548278
UPM, Media Desk
9.00-16.00 EET
tel. +358 40 588 3284
media(at)upm.com
About UPM Schwedt
UPM Schwedt manufactures standard newsprint with the annual capacity of 280,000
tonnes. Located in the Eastern part of Germany the mill employs about 240
people.
About UPM Paper ENA
UPM Paper ENA (Europe & North America) is the world's leading producer of
graphic papers, serving customers in Magazine Publishing & Advertising,
Merchants, Home & Office, and Newspaper Publishing. A leader in sustainable and
high performance papers, UPM Paper ENA's production is located in Finland,
Germany, the United Kingdom, France, Austria, and the United States. With
headquarters in Germany, UPM Paper ENA employs approximately 9,500 people. To
learn more about UPM Paper ENA visit: www.upmpaper.com
About UPM
Through the renewing of the bio and forest industries, UPM is building a
sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM
Raflatac, UPM Paper Asia, UPM Paper ENA and UPM Plywood. Our products are made
of renewable raw materials and are recyclable. We serve our customers worldwide.
The group employs around 19,600 people and its annual sales are approximately ?
10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore
Company - www.upm.com
Follow UPM on Twitter | LinkedIn | Facebook | YouTube | Instagram
About LEIPA
LEIPA Georg Leinfelder GmbH is part of the LEIPA GROUP. Currently the LEIPA
group of companies produces approximately 900,000 tons of graphic paper and
packaging paper per year at its Schwedt and Schrobenhausen locations, based on
sustainable and environmentally friendly production processes.
In 2014, the family-run medium-sized enterprise with 1,450 members of staff
generated consolidated sales of approximately EUR 650 million. www.leipa.de
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: UPM via GlobeNewswire
[HUG#2006614]
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 466353
Anzahl Zeichen: 4419
contact information:
Town:
Helsinki
Kategorie:
Business News
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