UPM will start sales process to find a new owner for Aigrefeuille further processing mill
UPM will start sales process to find a new owner for Aigrefeuille further
(UPM, Helsinki, 17 January 2013, at 9:45 EET) – UPM will begin a sales process
to find a new owner for its further processing business in France including a
planing mill in Aigrefeuille d’Aunis and related sales organization located in
Lagord, near La Rochelle. This activity is part of UPM’s Timber business area,
and employs approximately 45 people. The sales process will be launched
immediately and is expected to be completed by the end of July 2013.
UPM aims to find a buyer to continue wood processing in Aigrefeuille. In case
UPM is presented with a binding offer, the company will proceed with the
employee consultation process according to the French legislation.
UPM’s plan to sell the Aigrefeuille mill follows the renewed Timber business
strategy announced in April 2012. UPM concentrates on developing the sawmills
closely integrated with the company’s pulp and paper mills.
Aigrefeuille further processing mill operations will continue as usual despite
the sales process.
For further information please contact:
Anssi Klinga, Senior Vice President, UPM Timber, tel. +358 50 466 1470
UPM Aigrefeuille further processing mill is located in Western France. The mill
produces interior and exterior panels. UPM acquired the mill in 1999. The
annual capacity of Aigrefeuille further processing mill is 45 000 m3 of wood
products and activity employs around 45 people.
UPM Timber manufactures top-class sawn pine and spruce timber and further
processed products for the construction and joinery industries. UPM Timber
annually produces around 2.1 million cubic metres of timber from wood acquired
from certified forests. UPM Timber’s production units are located in Finland,
Austria, France and Russia. In Finland, UPM operates four sawmills in
Lappeenranta (Kaukas), Pietarsaari (Alholma), Korkeakoski and Pori (Seikku).
UPM leads the integration of bio and forest industries into a new, sustainable
and innovation-driven future. Our products are made of renewable raw materials
and are recyclable. UPM consists of three Business Groups: Energy and pulp,
Paper, and Engineered materials. The Group employs around 23,000 people and it
has production plants in 17 countries. UPM's annual sales exceed EUR 10
billion. UPM's shares are listed on the Helsinki stock exchange. UPM – The
Biofore Company – www.upm.com
UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284