UPM opens consultation process for potential closure of its Chapelle newsprint mill while continuing the sales process
(UPM, Helsinki, 28.1.2020 at 11:00 EET) – Earlier, in September 2019, UPM announced the intention to sell its Chapelle newsprint mill in Grand-Couronne, France. It was communicated at the same time, that a process for the potential closure of the mill would be opened in case no credible offer would be received until mid-January 2020. We have started the sales process in September and have been in continuous and substantial discussions with interested parties. While these discussions are still ongoing, we have not received binding offers by potential buyers of the mill to date.