UPM plans capacity reduction in Schongau and accelerates its exit plan in Steyrermühl
(UPM, Helsinki, 22 March 2023 at 11:35 EET) – UPM plans to adapt its uncoated publication paper capacity to a long-term profitable customer demand. The capacity reductions are planned to take place in Germany and Austria: · UPM Communication Papers plans to permanently close paper machine 6 at UPM Schongau, Germany, reducing the annual capacity of uncoated publication papers by 165,000 tonnes by the end of Q2 2023. · UPM Communication Papers accelerates the earlier announced stop of production at its Steyrermühl mill by six months. The exit of a total annual capacity of 320,000