UPM improves its outlook for 2021. Comparable EBIT is now expected to increase both in H1 2021 compared with H1 2020, and in the full year 2021 compared with 2020.

UPM aims to increase efficiency of its global functions by reorganising and streamlining the operations in Finland, Germany, and Austria. If implemented, the plans would decrease the number of employments in the functions by up to 51.

Siempelkamp has reorganized respectively expanded its South America team. Werner Masnitza has been appointed as a senior consultant. Jonathan Parisottontakes over the position of Sales Director Siempelkamp do Brasil Wood Division South America as local contact person. Daniel Hasemann strengthens the team as Sales Direc...