UPM to sell its Shotton paper mill

UPM has announced it is put Shotton paper mill up for sale in a move aimed at saving the Finnish based firm over £65m. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

In a statement today, UPM said it is selling the mill for ‘conversion purposes’ due to the ongoing decline of ‘newsprint’ the paper used ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Around 190 people work at Shotton paper mill, its current production capacity of the mill is 250 000 tonnes of newsprint ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

The mill assets include the materials recollection and recycling facility, deinking plant, paper machine line and energy infrastructure, as well as established access to the UK, recycled paper market. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

“UPM Shotton is well-positioned to serve the UK market. However, we look for outside opportunities for alternative long-term use of the mill as the newsprint consumption continues to decline. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

The paper machine is technically flexible to support conversion especially into containerboard production,” says Winfried Schaur, Executive Vice President of UPM Communication Paper. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

The move is part of a restructuring programme by UPM which will see the permanent closing of its Kaipola paper mill in Finland and reorganising and streamlining activities in Finnish pulp mills. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

  ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Latest News