Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
UPM Sells its Packaging Paper Operations to Billerud
Print
Helsinki, Finland, 01 June 2012 -- UPM’s sale of its packaging paper operations of the Pietarsaari and Tervasaari mills to the Swedish paper company Billerud has been concluded. UPM and Billerud announced the transaction on 01 February 2012. The enterprise value of the transaction is EUR 130 million. UPM reports a one-off gain of approximately EUR 50 million from the transaction in the second quarter.

The production capacity of the sold business at the Pietarsaari and Tervasaari mills is approximately 300,000 metric tons of packaging papers and the turnover is approximately EUR 220 million.

After the closing, UPM operates a pulp mill and a sawmill in Pietarsaari, and two label paper machines in Tervasaari, Finland.
 


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: