New Stracel convert to corrugated paper
2013-01-25 UPM has signed an agreement on the sale of assets and part of the land, connected to the UPM Stracel paper mill, with Blue Paper SAS. Blue Paper will convert the mill to produce recycled fibre-based fluting and test-liner.
The fluting and testliner production is expected to start after completing investments in September 2013 and Blue Paper will create 130 new jobs at the mill that will be offered to former Stracel employees.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.Blue Paper SAS is the joint venture company of VPK Packaging Group NV and Klingele Papierwerke.The transaction is expected to be closed during March 2013.