Sappi, UPM Submit EU Remedies for Planned Graphic Paper Joint Venture
Bitget2026/11/05 12:53- Sappi and UPM submitted remedy proposals to the European Commission for their planned graphic paper joint venture.
- Commitments cover capacity optimization in Europe, customer safeguards and investments in decarbonization and energy efficiency.
- The joint venture would implement specific measures following its establishment to address declining demand while maintaining reliable customer supply.
- European graphic paper industry sales fell 7% year over year in the third quarter of 2026.
- The Commission will assess the proposed remedies, with a final decision expected by year-end or shortly thereafter.
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