UPM and LEIPA discuss the potential sale and conversion of UPM Schwedt mill into liner productionInvestor news 17.11.2015 12:00 EET
(UPM, Helsinki, 17 November 2015 at 12:00 EET) - UPM and LEIPA Georg Leinfelder GmbH discuss the potential sale of the UPM Schwedt mill site and relevant assets to LEIPA for the aim of a conversion into liner production.
LEIPA will commence a study on the potential conversion at the Schwedt site immediately.
The planned production capacity would be approximately 450,000 tons of liner annually. LEIPA intends to continue all employment relations with the current employees of the UPM Schwedt mill.
Number of issues remain open and the discussions and the study are expected to last several months.
For further information please contact:
Winfried Schaur, SVP, Newspaper Publishing, UPM Paper ENA, firstname.lastname@example.org, tel. +49 173 9199014
Nenad Nemarnik, LEIPA Group GmbH, Director Marketing and Sales Coordination, email@example.com, tel. +49 160 2548278
UPM, Media Relations
tel. +358 40 588 3284
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 Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 20,000 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
UPM Schwedt manufactures standard newsprint with the annual capacity of 280,000 tonnes. Located in the north-eastern part of Germany the mill employs about 250 people.
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