HELSINKI, FINLAND—  UPM has announced a further reduction in uncoated magazine paper capacity and has moved up the shutdown of its Austrian newsprint mill. Paper machine #6 at UPM’s Schongau mill in Germany will be shuttered, taking out some 165,000 tpa of uncoated publication paper production. The shutdown will reduce UPM’s uncoated publication paper machines to six across its mills in Germany and Finland, with total capacity of 1.8m tonnes. UPM states "the continued long-term decline in graphic paper demand forces us to continue our efforts to ensure cost competitive production and that our assets are in efficient use in all circumstances." UPM is one of the world's major printing paper manufactures with 13 mills in Europe and North America, sales of $13 billion and 17,000 employees.