The mill has an annual production of around 30,000m3 of plywood and decorative panel products and a turnover of €28m.
Alain Comte, chairman of the board at the mill, said: “Over the years, the strategic role of Loulay mill has diminished greatly and there are no actual synergies between it and other UPM plywood mills.”
UPM will book a provision of approximately €10m for loss on sale in the first quarter of 2006.
