آرشیو نویسنده: سید امیر حسینی

The Saudi Arabian Public Investment Fund (PIF) has completed its acquisition of a 23% stake in paper products company Mepco, according to Global Gypsum. TradeArabia News has reported that the PIF aims to enable Mepco to expand production, increase efficiency and become more sustainable.

UPM has completed the sale of Steyrermühl site and all related assets to Heinzel Group, thereby closing the transaction announced in June 2022.

UPM Steyrermühl was founded in 1868 and produced newsprint paper until the end of Q2 2023. Production capacity during the last years was 320,000 tonnes annually. The site also includes a sawmill with an annual timber capacity of 370,000 cubic meters.

The company announced that it had concluded talks with employee representatives at the mill on the decision to permanently idle the machine

Fibre Excellence announced that it has leased the site from Veolia and will take over operational management. The lease runs until the end of 2024 and it has also been agreed that Veolia will initially supply the plant, which is to be converted into a recycled corrugated case material mill, with recovered paper for the next ten years.

Austrian Heinzel Group has announced the successful completion of the acquisition of the Steyrermühl mill in Upper Austria from UPM. This strategic move reinforces Heinzel’s commitment to sustainability and growth in the paper and packaging industry, the company writes.