Apr 10, 2006. /Lesprom Network/. UPM has sold on April 10 its French plywood mill, UPM-Kymmene Loulay S.A., to Green Recovery SAS. The purchaser is a French industrial group consisting of independent poles of activities. The deal takes effect immediately. UPM will book a provision of approximately Euro 10 million for loss on sale in the first quarter 2006. The Loulay mill, located in the South-West of France, manufactures yearly about 34 000 cubic meters of plywood and decorative panel products. The mill has a turnover of Euro 28 million and it employs 193 people. "Over the years, the strategic role of Loulay Mill has diminished greatly and there are no actual synergies between Loulay Mill and other UPM plywood mills", says Alain Comte, chairman of the board.