UPM
has completed the sale of assets and part of the land of the UPM Stracel paper
mill site to Blue Paper SAS, the joint venture company of VPK Packaging Group
NV and Klingele Papierwerke.
Blue
Paper SAS will convert the mill to produce recycled fibre-based fluting and
test-liner. The production is expected to start after completing investments in
autumn 2013.
The
sale of Stracel was part of UPM's plan to adjust its magazine paper and
newsprint paper capacity to match the needs of its global customer base
originally announced in August 2011. UPM stopped the production of coated
magazine paper on the mill on 4th January 2013.
