Finland-based forestry giant UPM announced July 16 that it
was permanently ceasing production at its Chapelle newsprint mill in
The closure
impacts 228 people. UPM says it’s offering support to employees in order to
alleviate effects related to the mill’s closing.
With the
closure, UPM will reduce its newsprint paper capacity by 240,000 metric tons.
“We remain
committed to selling the mill assets if we receive a suitable offer,” says Anu
Ahola, senior vice president, news and retail, UPM.
The closure
will result in annual savings of around 30 million euros ($35 million).
Meanwhile,
UPM’s
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