The plan of sale or other exit of the UPM Docelles mill was originally announced on 17 January 2013. It is part of UPM’s plan to adjust its graphic paper capacity and support operations to match the declining demand in Europe.
The production will cease by the end of January 2014. With the closure of the mill UPM will reduce a total of 160 000 tons of its fine paper capacity.
“UPM has been conducting an active search for a buyer which could offer a credible future for the mill. Unfortunately this search did not result in a binding, credible offer for the mill. However, UPM is still open to consider the sale of Docelles mill machinery and property,” says Petteri Kalela, Senior Vice President of UPM Paper ENA.
UPM booked charges of EUR 25 million as special items in Q4/2013 operating profit related to the restructuring of the mill