Europe’s Nordic forestry giants deliver great results despite tough environment
Forestry giants in Northern Europe, Stora Enso, UPM and SCA, have benefited from the rising prices on their financial results [...]
July 25, 2022
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UPM sells its Steyrermühl mill in Austria to Heinzel Group
UPM has signed an agreement to sell 100% of the shares of its Austrian subsidiary UPM Kymmene-Austria GmbH to [...]
June 22, 2022
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UPM is also positively revising its earnings outlook for the current year
Stora Enso said yesterday that it had improved its expectations for the full-year operating result . Now UPM has also [...]
June 15, 2022
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UPM has a good start of the year; excellent results in plywood and lumber business
UPM's net sales increased by 12 percent to EUR 2,507 million in the first quarter. The company made [...]
April 27, 2022
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Finland’s forestry giants call for logging at full capacity to fill up the Russian void
The Finnish forestry giant UPM intends to harvest wood in Finland at full capacity, although the company's pulp mills [...]
March 23, 2022
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UPM suspends purchasing of wood in and from Russia; ceases operations at Chudovo plywood mill
UPM will suspend purchasing of wood in and from Russia as well as the UPM Chudovo plywood mill operations for [...]
March 9, 2022
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Metsä Group and UPM hit pause in Russia
UPM will cease its deliveries to Russia for the time being. While the forest industry is [...]
March 4, 2022
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UPM Plywood profitability hits record high in 2021
In 2021, sales of plywood by the Finnish forestry group UPM-Kymmene increased by 8% year-on-year to 738 [...]
February 14, 2022
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UPM strike to continue until March, 12
The Finnish Paperworkers’ Union has informed UPM that their strike at UPM’s Finnish mills will be extended by three [...]
February 8, 2022
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UPM sees headwinds from disrupted supply chains
Finnish forestry company UPM said on Thursday it sees headwinds and extra costs ahead from disrupted global supply chains, leaving [...]
January 31, 2022
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