HELSINKI -- UPM and LEIPA Georg Leinfelder GmbH are discussing the potential sale of the UPM Schwedt mill site and relevant assets to LEIPA for the aim of a conversion into liner production, UPM announced Tuesday.

LEIPA will commence a study on the potential conversion at the Schwedt site immediately.

The planned production capacity would be approximately 450,000 tons of liner annually. LEIPA intends to continue all employment relations with the current employees of the UPM Schwedt mill.

Number of issues remain open and the discussions and the study are expected to last several months.