UPM Adhesive Materials plans to discontinue label materials production at its Nancy factory in France due to overcapacity caused by exceptional market developments in recent years. Production will be centralized in more cost-competitive units, while the Nancy site will continue operating as a distribution terminal for Western European customers, according to UPM.
“These planned changes aim at supporting our growth by improving the overall profitability of our operations and maximizing synergies. By centralizing the production to more cost competitive factories, we will also improve the cost efficiency and quality of our products,” said Tim Kirchen, Executive Vice President, UPM Adhesive Materials.
