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.
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He will continue with his duties in UPM until the end of July 2024.
With the new Mumbai terminal opening, UPM Raflatac’s existing terminal in Bangalore, India, will be closed by the end of March 2024.
The implementation of the price increase will be effective for all markets effective on deliveries from April 1st.
The Fedrigoni Group announces the acquisition of certain assets of Mohawk Fine Papers, Inc., the company it entered into an industrial partnership with last September 2022 to strengthen the distribution of specialty fine papers in the North American market.
With its first paper mill in China, Fedrigoni can now strengthen its geographical presence in the Asian market.
Construction on the new facility is underway. UPM Raflatac expects to begin production by late summer 2024.
Javier Abad Marturet is a senior executive with extensive 30 years international experience.
CEO of Felix Schoeller to succeed Winfried Schaur.