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.
In the Wiki
As IFRA Expo 2010 nears, from 4-6 October in Hamburg, Germany, WAN-IFRA Magazine takes a closer look at some of the critical issues in newspaper production that visitors should keep in mind when coming to the show. We asked our team of specialists to highlight the key trends in their respective fields. Here is the first of their reports from our recently published July/August edition. The second will appear in the upcoming September/October edition (due out in early September).
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.