Key contributors to the quarter's results included the UPM Paso de los Toros pulp mill, which operated at 83% of capacity, and the successful sale of the Steyrermühl site in Austria.
UPM
Finnish forest giant rolls out Nature Management Services to enhance biodiversity through tailored assistance and subsidy applications.
Henrik Ehrnrooth to continue as the Chair of the Board of Directors of UPM-Kymmene Corporation.
Traditional plastic laminated packaging paper has been replaced with an innovative paper solution, which is easier to recycle.
In partnership with DB Cargo, the first deliveries of wood have now been made to Leuna by rail, establishing and testing the direct rail link to the Leuna operations’ wood yard.
UPM's businesses and the Paper Workers’ Union have been negotiating for the last two years of the contract period. The business environment has changed significantly since the agreements were signed in 2022, said UPM.
He will continue with his duties in UPM until the end of July 2024.
The change negotiations cover approximately 820 persons in UPM Pulp Finland's operations, approximately 340 persons in UPM Timber sawmills and approximately 1,100 persons in UPM Communication Papers Finnish mills.
With a capacity to produce 2.1 million tons of eucalyptus pulp per year, the mill is the biggest in Uruguay and the world’s biggest single line mill in operation. It will also contribute around 1 TWh of surplus green electricity per year to the Uruguayan power supply.
With the new Mumbai terminal opening, UPM Raflatac’s existing terminal in Bangalore, India, will be closed by the end of March 2024.
Construction on the new facility is underway. UPM Raflatac expects to begin production by late summer 2024.
Antti Jääskeläinen assumes interim role leading UPM Communication Papers business area as of 15 January 2024. Saara Tahvanainen appointed Executive Vice President, UPM Stakeholder Relations and member of UPM’s Group Executive Team.
UPM Steyrermühl was founded in 1868 and produced newsprint paper and lumber.
