UPM sells real estate, machinery at Aureskoski further processing mill in Parkano, Finland, to Tammiwood; mill, which produced interior wood panels, was closed end-2012

HELSINKI , April 10, 2013 (press release) – UPM sells the real estate and machinery at Aureskoski further processing mill in Parkano, Finland, to Tammiwood Ltd. The parties have agreed not to disclose the sales price. UPM operations at Aureskoski mill ceased in December 2012. UPM produced interior wood panels at the mill.

Tammiwood’s major shareholder is Tammiston Puu Ltd., a Finnish company specialised in manufacturing garden products. Four employees working at Aureskoski mill will transfer to Tammiwood as permanent employees.

“The sale of Aureskoski site has a positive effect on the economic life in the area. We think that the new owner has a good opportunity to further develop the site,” says Aki Temmes, Director, Business Control, UPM Timber.

“Aureskoski mill complements our production network and enables wider product range. We aim to start production at the mill by the next autumn,” estimates Markku Heinonen, Managing Director, Tammiwood Ltd.

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