Consumables

UPM has signed a letter of intent for the sale of paper machine 4 at UPM Ettringen

Friday 25. October 2013 - UPM has signed a letter of intent with company Aviretta for the sale of the paper machine 4 at UPM Ettringen in Germany.

Aviretta GmbH plans to purchase UPM’s PM 4 in Ettringen and to convert it into a board machine. The planned production capacity would be approximately 210,000 tonnes of board annually. The PM 4 would remain in Ettringen and it is planned that UPM Ettringen should render certain services to Aviretta. UPM would not be a shareholder in this company.
In April 2013 UPM has announced the permanent closure of the paper machine 4 at Ettringen mill. The continuing challenges in European economy have significantly impacted the consumption of graphic papers.
“We are pleased about the plans of Aviretta to convert paper machine 4 into a board machine. This setup would also lead to synergies for both contract parties. A thorough examination in the coming weeks will show, whether the planned project could be realized in this form”, says Winfried Schaur, General Manager of UPM Schongau & UPM Ettringen.