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UPM completes its sale of Steyrermühl site to HEINZEL GROUP

 Monday, January 8, 2024

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A long time back, UPM has decided to sell of it’s Steyrermühl site. Now, they are happy to announce that they have finally completed the sale of the site and all related assets to HEINZEL GROUP, thereby closing the transaction announced in June 2022.

As a frontrunner in forest industry, UPM provides renewable solutions for various end uses. They invest in sustainable growth and innovate for a future beyond fossils. Responsibility is at the core of everything they do and believe on it. Not only that, they respond to the growth in consumer demand with recyclable products that are made of responsibly-sourced, renewable raw materials.

UPM Steyrermühl was founded in 1868 and produced newsprint paper until the end of Q2 2023. Production capacity during the last years was 320,000 tonnes annually. The site also includes a sawmill with an annual timber capacity of 370,000 cubic meters.

“Throughout the whole process we collaborated closely with HEINZEL to ensure a smooth transition. The closing of the newspaper production in Steyrermühl ended a very successful chapter of UPM Communication Papers’ paper production history in Austria and now the Steyrermühl mill also has a new owner after the completion of the sale. I want to thank our colleagues in Steyrermühl for their committed and professional work over the past century and a half. I am convinced that the upcoming transformation of the mill will provide good prospects for both the people at Steyrermühl and for the region as such,” says Massimo Reynaudo, UPM President and CEO.

UPM will remain committed to the newsprint business as one of the industry’s leading producers, continuing newsprint production at its Schongau, Ettringen, Hürth and Jämsänkoski mills. UPM will also remain committed to the Austrian newsprint market, serving customers from its remaining newsprint mills.

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