UPM closed the sale of its Chapelle Darblay newsprint mill site to the Community of Rouen today. This sale is an asset sale, covering land, the buildings and the equipment. No personnel will be transferred.
UPM had permanently ceased production and agreed a social plan for its employees at its Chapelle mill in Grand-Couronne, France already in June 2020.
UPM had originally committed to selling the site to a consortium of two partners, Samfi and Paprec France SAS, in October 2021. The Community of Rouen then pre-empted the sale of the Chapelle Darblay land and buildings in February 2022, cancelling the sale to Samfi and Paprec France SAS.
UPM will remain committed to the French newsprint market and will continue close collaboration with its partners and customers in France.
About UPM Communication Papers
UPM Communication Papers is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Communication Papers employs approximately 6,500 people. More about UPM Communication Papers and its products at www.upmpaper.com
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We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 17,000 people worldwide and our annual sales are approximately EUR 9.8 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com