The facility has an annual capacity of 220,000 tonnes and represents an investment of Euro 1.37 billion.
UPM
The companies plan to propose remedies other than divestments as they seek European Commission approval.
The new company is planned to take over UPM’s plywood business after the October demerger and is expected to begin trading in November.
Company confident it can address preliminary concerns on graphic paper merger.
Higher pulp prices, strong renewable fuel demand and growth in advanced materials supported results, while weak graphic paper demand, high wood costs and geopolitical uncertainty continued to weigh on parts of the business.
The Finnish Financial Supervisory Authority has approved WISA Group Plc’s demerger and listing prospectus.
Partnership offers pilot-scale development access at Andritz's Graz facility with UPM Euca as standard pulp.
The stoppages will target production levels and wood sourcing; Pietarsaari mill may face a temporary shutdown in October
He will join the Group Executive Team, report to President and CEO Massimo Reynaudo and be based in Helsinki after serving as CEO of Coolbrook since 2022.
Transaction adds invention disclosures for bio-based MEG and MPG production as UPM scales Leuna biorefinery operations.
Shareholders receive one WISA share per UPM share as plywood unit targets Nasdaq Helsinki listing by November 2026.
Proposed transaction still requires approval from US and Chinese authorities alongside European Commission.