(UPM,
Eren’s plan is to integrate the Shotton site into its existing business units and to make further investment at the site. All 190 employees currently working at UPM Shotton will be part of the transaction.
Newsprint production is planned to stop by
“We are very pleased with this agreement. It will provide a long-term future for the employees at our Shotton paper mill and a continued use of the site infrastructure. It will help UPM to further consolidate its newsprint production capacity while leveraging the value of the site and its assets. This sale will also support Eren in expanding its business in the
“The negotiations with Eren have been transparent and fair throughout and we have agreed close collaboration over the coming months to support the transition with both internal and external stakeholders.”
UPM plans to continue serving
The transaction will reduce UPM’s annual newsprint capacity by 250,000 tonnes and fixed costs by
For further information please contact:
UPM Communication Papers, Stakeholder Relations, tel. +49 821 3109 225, paperinfo@upm.com
UPM, Media Relations
Mon-Fri
tel. +358 40 588 3284
media@upm.com
About 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
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