UPM about to sell PM 4 in Ettringen to Aviretta
UPM and the newly founded company Aviretta have signed a letter of intent to sell the former SC paper machine.
Aviretta intends to rebuild paper machine 4 at UPM's complex in Ettringen, Germany to make packaging paper with a capacity of 210,000 tpy. UPM closed paper machine 4, which had previously made about 175,000 tpy of SC paper, permanently on 30 April.
The talks, which are underway at the moment, aim for Aviretta GmbH to acquire, rebuild and operate PM 4 in Ettringen. In addition, infrastructure there had the potential for synergies in non-production area. The machine will remain part of the mill provided that the talks close successfully.
UPM continues to operate a deinking plant and a production line in Ettringen, Germany. Installed in 1999, PM 5 is designed to make a total of 280,000 tpy of uncoated rotogravure magazine paper. Some 220 people work at the complex.
Find the entire article and any associated background information in EUWID Pulp and Paper no. 43.
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