UPM yesterday signed an agreement on the sale of further
processing operations at Kaukas sawmill in Lappeenranta, Finland, to Lännen
Painepuu Oy, part of Kuusisto Group. The 11 employees of the further processing
mill will continue working at UPM Kaukas sawmill with the current terms.
The
parties have agreed not to disclose the sales price.
The
production of planed and pressure impregnated wood products at Kaukas will end
along the sale. Lännen Painepuu will transfer the production machinery away
from Kaukas further processing mill by the end of this year.
