UPM to Close Down Its Albbruck Paper Mill in Germany

HELSINKI, FINLAND—Jan. 15, 2012—UPM will permanently close down the unprofitable Albbruck paper mill in Baden-Württemberg, Germany. Discussions between UPM, employee representatives and local authorities did not lead to a solution for continuing the operations at the mill. Neither was the search for an investor successful. The closure of the mill is affecting the 508 employees of the mill. The personnel reductions will take place on 31 January 2012.