UPM has signed an agreement to sell 100% of the shares of its Austrian subsidiary UPM Kymmene-Austria GmbH to the HEINZEL GROUP, a leading pulp, packaging and paper producer and trader in Central and Eastern Europe. The transaction comprises the UPM Steyrermühl site with approx. 400 employees, including the newsprint paper machine with an annual capacity of 320,000 tonnes and the Steyrermühl sawmill operations with an annual timber capacity of 370,000 cubic meters. The parties have agreed not to disclose the value of the deal. Closing of the transaction and end of newsprint production at UPM Steyrermühl are planned for the end of 2023. HEINZEL is planning to take over responsibility for the mill after closing. Until then, all operations continue as is. HEINZEL plans to operate the UPM Steyrermühl site outside of graphic papers as an integrate together with its Laakirchen mill, which is located in the same communicaty. HEINZEL is considering the production of packaging materials to complement their existing product portfolio.
As the new academic year begins, about 60% of students may go back to school without supplies in hand. For some families and teachers in lower-income communities, the cost of school supplies can cause significant stress and limit student achievement.
Domtar is committed to investing in relationships throughout communities – with our customers, with our neighbors, and with our schools. And each year, we invest in teachers’ and students’ needs alongside customers such as ODP Corporation and organizations like Classroom Central during back-to-school season.
Domtar is a longtime vendor partner of The ODP Corporation’s StartProud!® back to school program, which supports students and teachers at nearly 30 Title I elementary schools with school supplies and needed equipment.
Since 2018, Domtar has provided about $1 million to help students and teachers StartProud!. Additionally, Domtar sales and marketing team members have volunteered at StartProud! pep rallies at nine schools each year.
This year, nine StartProud! schools will receive $20,000 of in-store credit from Domtar for use in Office Depot and Office Max stores by teachers for supply purchases.
more at: https://newsroom.domtar.com/back-to-school/