UPM sells Jämsä Kaipola mill site
Published : 19 Oct 2021, 02:36
Updated : 19 Oct 2021, 02:40
The forest-based bio-industry company UPM has sold the Kaipola mill site in Jämsä to Kaipola Green Port Oy, a real estate development company owned by Finnish private citizens, said the UPM in a press release on Monday.
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.
In addition to Kaipola, UPM has during the past 12 months sold the Säynätsalo plywood mill in Jyväskylä, Finland, the Shotton paper mill in Wales, United Kingdom, and the Chapelle Darblay paper mill in Grand-Couronne, France.
“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”, said Vice President Hannu Havanka of UPM Real Estate.