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Companies in the timber industry / Daily News / Global Trends / Pulp & Paper / Sawmilling / Wood Products / Europe / Global
June 22, 2022

UPM sells its Steyrermühl mill in Austria to Heinzel Group

UPM sells its Steyrermühl mill in Austria to Heinzel Group
UPM has signed an agreement to sell 100% of the shares of its Austrian subsidiary UPM Kymmene-Austria GmbH to the Heinzel Group, a leading pulp, packaging and paper producer and trader in Central and Eastern Europe.    The transaction comprises the UPM Steyrermühl site with approx. 400 employees, including the newsprint paper machine with an annual capacity of 320,000 tonnes and the Steyrermühl sawmill operations with an annual timber capacity of 370,000 cubic meters. The parties have agreed not to disclose the value of the deal.    Closing of ...

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