Madison Paper Industries concluded the sale of its hydro power facilities in North America to Eagle Creek Renewable Energy
(Thomson Reuters ONE) -
(UPM, Helsinki, 1 August 2017 at 8:30 EET) - Madison Paper Industries, a
partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York
Times Company, concluded the sale of its hydro power facilities to Eagle Creek
Renewable Energy, LLC, a hydroelectric power producer, based in Morristown, NJ,
USA on 31 July 2017.
The transaction was announced by Madison Paper Industries in April 2017.
For further information please contact:
Ruud van den Berg, Senior Vice President, Magazines, Merchants & Office, UPM
Paper ENA tel. +49 151 1215 8310
Bernard H. Cherry, CEO, Eagle Creek Renewable Energy, LLC, tel.
+1 973 998 8400, www.eaglecreekre.com
UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
media(at)upm.com
About Eagle Creek
Eagle Creek Renewable Energy is an owner, operator and developer of
hydroelectric power projects. Eagle Creek's projects provide clean energy to
electricity consumers in North America while providing recreational
opportunities and protecting historical resources and the environment. Eagle
Creek was founded in 2010 to acquire, enhance, and operate small to medium
hydroelectric power facilities. Eagle Creek currently owns and operates a
portfolio of over 200 MW of hydroelectric facilities across the United States.
Eagle Creek is a privately owned entity with its largest investors being Power
Energy Eagle Creek and Hudson Clean Energy Partners.
About Madison Paper Industries
Madison Paper Industries is a partnership of UPM and Northern SC Paper Corp., a
subsidiary of The New York Times Company.
About UPM Paper ENA
UPM Paper ENA (Europe and North America) 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 Paper ENA employs approximately 8,000 people. More
about UPM Paper ENA and its products at 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 Specialty Papers, 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 19,300 people and its annual sales are
approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM
- The Biofore Company - www.upm.com
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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: UPM via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.08.2017 - 07:30 Uhr
Sprache: Deutsch
News-ID 554698
Anzahl Zeichen: 3444
contact information:
Town:
Helsinki
Kategorie:
Business News
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