“Kymi is a profitable and competitive pulp mill in comparison with the world’s leading pulp mills. Our Euro 160 million investment will result in a significant capacity increase with competitive costs and low risk,” says UPM’s President and CEO Jussi Pesonen.
“We have set ourselves clear targets for growth initiatives in pulp production, biofuels, speciality papers in Asia and label materials for the coming three years. With these initiatives we are targeting an additional Euro 200 million EBITDA when in full operation. The Kymi investment will bring a significant contribution to this,” says Pesonen.
The investment at Kymi mill will begin immediately comprising a new pulp drying machine, modernisation of the softwood fibre line, a new debarking plant as well as improvements in the energy balance of the Kymi integrate consisting of pulp and paper mills.
The investment will not only benefit the pulp mill but the whole Kymi integrate due to increased resource efficiency and operational flexibility.
“Furthermore, the investment will advance the decoupling of UPM’s pulp and paper businesses, which supports a clear management focus and decision making in both businesses for the short and long term,” says Pesonen.
UPM Kymi is modern and environmentally efficient mill integrate producing pulp, paper and energy. Kymi produces bleached softwood and hardwood kraft pulp as well as coated and uncoated fine paper. UPM Kymi employs about 600 people and is located in south-east Finland in Kouvola.