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UPM-Kymmene Corporation Finalizes Sale of Closed Stracel Paper Mill to Blue Paper SAS

Monday, 6 May 2013 09:31am EDT 

UPM-Kymmene Corporation announced that it has completed the sale of assets and part of the land of the UPM Stracel paper mill site to Blue Paper SAS, the joint venture company of VPK Packaging Group NV and Klingele Papierwerke. Blue Paper SAS will convert the mill to produce recycled fibre-based fluting and test-liner. The production is expected to start after completing investments in autumn 2013. The sale of Stracel was part of UPM’s plan to adjust its magazine paper and newsprint paper capacity to match the needs of its global customer base originally announced in August 2011. UPM stopped the production of coated magazine paper on the mill on January 4, 2013. 

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