Founded in 1819, Monadnock Paper Mills, Inc. is proudly celebrating 200 years of American papermaking in 2019. Located in Bennington, New Hampshire on the banks of the Contoocook River, Monadnock is the oldest continuously operating paper mill in the country and has survived and thrived through radical changes in the paper business. Today, Monadnock is humming with life and its eco-friendly products are found everywhere from blue jean tags to craft beer labels and retail gift cards. Monadnock decided decades ago to focus on environmental awareness and sustainability as the key to survival. While many companies continue to use plastic, a growing number of the world’s leading brands have adopted paper as a high-performing, eco-friendly alternative to plastic. Monadnock is dedicated to helping make the world a more sustainable place. Like-minded brands such as The Gap have even paid a visit to Monadnock to better understand how the company has managed to succeed and innovate. Click read more below for additional detail.
UPM has signed an agreement to sell its Schwedt newsprint mill site and relevant assets to LEIPA Georg Leinfelder GmbH for the aim of a conversion into liner production. The entire personnel of Schwedt mill will transfer to LEIPA as old employees. The transaction price is EUR 70 million. The transaction is subject to customary third party approvals.
As part of the transaction, the parties have agreed to enter into a contract manufacturing agreement for newsprint for a transition period which would end latest at the end of 2017. The mill’s capacity is 280,000 tonnes of newsprint annually.
LEIPA will convert the mill into liner production. The planned production capacity would be approximately 450,000 tonnes of liner annually.
“With this transaction UPM and LEIPA will have an improved opportunity to develop their businesses to meet the market needs. LEIPA is a solid and successful player in the liner business,” says Winfried Schaur, Executive Vice President, UPM Paper ENA.
“The negotiations with LEIPA have proceeded well and we believe that the transaction will bring benefits to the employees in the form of future employment at a converted site,” says Schaur.
UPM continues newsprint production at its Chapelle, Kaipola, Hürth, Schongau, Shotton and Steyrermühl mills.