UPM Opens Consultation Process for Potential Closure of Its Chapelle Newsprint Mill
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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.
UPM has started the sales process in September and has been in continuous and substantial discussions with interested parties. While these discussions are still ongoing, UPM has not received binding offers by potential buyers of the mill to date.
Consequently, UPM has informed employee representatives of their intention to start the employee consultation processes for the potential closure of the site. These consultations are estimated to be concluded by end of Q2 2020 and will be conducted according to French legislation.
UPM will continue the sales process throughout the consultation process. The company remains committed to selling the mill if they receive a suitable offer.
The mill currently employs 236 people with an annual production capacity of 240.000 metric tons of newsprint paper.
For further information please contact: UPM Communication Paper Stakeholder Relations, tel. +49 821 3109 225, paperinfo@upm.com
