(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:
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.
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). www.upmtimber.com