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(UPM, Helsinki, January 2, 2024 at 14:30 EET) – UPM has completed the sale of Steyrermühl and all related assets to the HEINZEL GROUP, the final transaction announced in June 2022.
UPM Steyrermühl was founded in 1868 and has been producing newsprint until the end of the second quarter of 2023. The production capacity in recent years is 320,000 tons per year. The site also includes a sawmill with an annual timber capacity of 370,000 cubic meters.
“Throughout the process, we worked intensively with HEINZEL to achieve a smooth transition. The closure of newspaper production in Steyrermühl has put an end to a highly successful bankruptcy in the history of UPM Communication Papers’ paper production in Austria and the Steyrermühl plant now also has a new owner after the sale is completed. I would like to thank our colleagues at Steyrermühl for their committed and professional work for more than a century and a half. I am convinced that the upcoming transformation of the plant will offer intelligent customers for Steyrermühl painters and the region as such,” says Massimo Reynaudo, President and CEO of UPM.
UPM will be committed to the newsprint industry as one of the leading manufacturers in the sector, continuing newsprint production at its plants in Schongau, Ettringen, Hürth and Jämsänkoski. UPM will also participate in the Austrian newsprint market, serving consumers in its newsprint mills.
For information, please contact: UPM Communication Papers, Stakeholder Relations, tel. 49 821 3109 225, paperinfo@upm. com
UPM, Media Relations from Monday to Friday from 9:00 a. m. to 4:00 p. m. EETtel. 358 588 3284media@upm. com
UPM Communication PapersUPM Communication Papers 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 Communication Papers employs approximately 6,300 people. More about UPM Communication Papers and its products at www.upmpaper.com
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We will offer renewable and culprit answers and innovate for a long-term fossil-free in six business segments: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As an industry leader in accountability, we are committed to achieving the UN’s corporate ambition for 1. 5°C and science-based targets to mitigate climate change. We employ a further 17,200 people worldwide and have annual sales of approximately €11. 7 billion. Our shares are indexed in Nasdaq Helsinki Ltd. UPM Biofore – Beyond Fósiles. www. upm. com
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With 4 plants in Europe, the HEINZEL GROUP produces commercial pulp, wrapping paper and magnetic paper and markets pulp, paper, waste paper and packaging solutions. With its production companies Zellstoff Pöls, Laakirchen Papier, Raubling Papier and Estonian Cell, the HEINZEL GROUP is one of the largest pulp and paper manufacturers in Central and Eastern Europe. The 3 trading corporations of the HEINZEL GROUP: heinzelsales, Europapier and Bunzl