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Keyword: UPM

UPM to build a wood processing plant in Germany

Construction of a timber processing plant in Leuna, Germany, will start before the end of the third quarter of 2020 [...]

Closure of paper mill shifts focus on condition of Finland’s forestry sector

The operating conditions of the forest industry in Finland came into focus on Thursday as Finnish forestry giant UPM elaborated [...]

UPM quarterly profit falls sharply in Q2/2020

Finnish forestry giant UPM reported on Thursday a smaller-than-expected fall in quarterly profits, saying lockdowns hit paper demand [...]

UPM to reduce plywood production by the end of the month

UPM Jyväskylä plywood mill to be permanently closed on 31.07.2020, UPM announced. The jobs cut will be [...]

UPM, Stora Enso and Metsä prepared to face the economic downturn caused by the coronavirus

Despite the coronavirus pandemic, the early part of the year was still reasonably good for large Finnish forestry companies.   [...]

UPM to invest more than half a billion euros into a biorefinery in Germany

UPM plans to enter the biochemicals business by investing in a biorefinery at Leuna, Germany.    The [...]

UPM might close Chapelle mill in France

In September 2019, UPM announced plans to sell its Chapelle newsprint mill in Grand-Couronne, France.      [...]

Finland: Metsä Group, Stora Enso, and UPM plan 6-day lock-out at sawmills, plywood mills

Finnish Forest Industries Federation said on Wednesday it would hold a 6-day lock-out from Dec. 12, closing half [...]

Finland: Forestry giants Stora Enso and UPM report declining profits in Q3/2019

Finland's forestry giants, Stora Enso and UPM, have reported declining profits and smaller production output for the third quarter [...]