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Recent Paperclips Industry News
18Oct 21
UPM sells its Chapelle Darblay newsprint mill to the consortium of Samfi and Paprec
UPM has signed an agreement to sell its Chapelle Darblay newsprint mill site to a consortium of two partners Samfi and Paprec France SAS. The transaction is subject to customary approvals. The sale of Chapelle Darblay is an asset sale, and no personnel will be transferred. UPM has permanently ceased production and agreed a social plan for its employees at its Chapelle newsprint mill in Grand-Couronne, France in June 2020. Samfi and Paprec plan to develop the site into a platform for the supply of green energy and the production of raw materials from recycling. The future site would consist of a sorting and packaging plant for paper and plastics, an on-site power generation facility using biomass and a production facility for renewable hydrogen.
18Oct 21
UPM has sold the Kaipola mill site
UPM has sold the Kaipola mill site in Jämsä, Finland, to Kaipola Green Port Oy. Kaipola Green Port is a real estate development company owned by Finnish private citizens. The sale consists of the real estate, and no personnel was transferred. Kaipola Green Port plans to develop the mill site for manufacturing and industrial logistics purposes. UPM closed the Kaipola paper mill permanently in early 2021. “Kaipola is now open to development from a new basis. The mill site has an excellent infrastructure and offers many possibilities for a professional real estate developer”, comments Vice President Hannu Havanka of UPM Real Estate.
18Oct 21
USPS Begins Fiscal First Quarter with Improved First-Class Mail Service
The U.S. Postal Service reported service delivery performance scores for the first week of the fiscal first quarter started in October that showed continued gains across all First-Class, Marketing and Periodical mail categories. For the period Oct. 1 through Oct. 8, first-quarter-to-date service performance included: *First-Class Mail: Delivered 91.0 percent of First-Class Mail on time against the USPS service standard, an improvement of 3 percentage points from the fourth quarter. *Marketing Mail: Delivered 92.8 percent of Marketing Mail on time against the USPS service standard, an improvement of .3 percentage points from the third quarter. *Periodicals: Delivered 84.4 percent of Periodicals on time against the USPS service standard, an improvement of 2.3 percentage points from the third quarter.