UPM-Kymmene Corporation has entered into an agreement to acquire Myllykoski Corporation and Rhein Papier GmbH. The approximate enterprise value of the businesses acquired is EUR 900 million. Myllykoski Corporation and Rhein Papier GmbH consist of seven publication paper mills in Germany, Finlandand the United States. The total annual paper production capacity is 2.8 million tonnes.
On the Blog
Press manufacturer: Goss International to adjust capacity
Goss International will reduce the work force at its facility in Montataire, France by approximately 300 people. It will allow the company to adjust capacity according to market demand and improve the competitiveness of its European operations, the company says.
World Press Trends: World Newspaper Congress: Digital ad revenues to remain miniscule
At no time in the foreseeable future will digital advertising revenues replace those lost to print, making the search for new business models including paid-for online access for news a pressing concern for the news publishing industry, the World Association of Newspapers and News Publishers (WAN-IFRA) said in its annual world press trends update.
In the Wiki
User-generated content: VG News Portal pushes local news
Verdens Gang (VG) in Norway has become well known for its constant innovation in everything new media and for always pushing the envelope to connect with its vast audience. VG News Portal is a perfect example of how the company has leveraged one of its core assets in a commercial way.
Product development: Escenic Content Studio: Graphics and video made simple
Vizrt, the company that acquired Escenic in 2008, has a strong background in the TV and radio business. The combined forces of Escenic and Vizrt now means that publishers are offered new tools for online, mobile and print publishing.