(UPM, Helsinki, 2 January 2024 at 14:30 EET) – UPM has completed the sale of Steyrermühl site and all related assets to HEINZEL GROUP, thereby closing the transaction announced in June 2022.
UPM Steyrermühl was founded in 1868 and produced newsprint paper until the end of Q2 2023. Production capacity during the last years was 320,000 tonnes annually. The site also includes a sawmill with an annual timber capacity of 370,000 cubic meters.
“Throughout the whole process we collaborated closely with HEINZEL to ensure a smooth transition. The closing of the newspaper production in Steyrermühl ended a very successful chapter of UPM Communication Papers' paper production history in Austria and now the Steyrermühl mill also has a new owner after the completion of the sale. I want to thank our colleagues in Steyrermühl for their committed and professional work over the past century and a half. I am convinced that the upcoming transformation of the mill will provide good prospects for both the people at Steyrermühl and for the region as such,” says Massimo Reynaudo, UPM President and CEO.
UPM will remain committed to the newsprint business as one of the industry’s leading producers, continuing newsprint production at its Schongau, Ettringen, Hürth and Jämsänkoski mills. UPM will also remain committed to the Austrian newsprint market, serving customers from its remaining newsprint mills.
For further information please contact:
UPM Communication Papers, Stakeholder Relations, tel. +49 821 3109 225, paperinfo@upm.com
UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
media@upm.com
UPM Communication Papers
UPM 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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UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 17,200 people worldwide and our annual sales are approximately EUR 11.7 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com
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HEINZEL GROUP
At four sites in Europe, HEINZEL GROUP produces market pulp, packaging paper and magazine paper and trades in in cellulose, paper, wastepaper and packaging solutions. With its production companies Zellstoff Pöls, Laakirchen Papier, Raubling Papier and Estonian Cell, HEINZEL GROUP is one of the most important cellulose and paper producers in Central and Eastern Europe. The three trading companies of HEINZEL GROUP – heinzelsales, Europapier and Bunzl&Biach – respond flexibly to diverse international customer requirements. The group’s success is based on its entrepreneurial spirit and a commitment to long-standing partnerships. Sustainability is a focal point of all activities at HEINZEL GROUP.
