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Daily News / Global Trends / Market Analysis / Wood Products / Wood-based panels / Europe / Global
June 3, 2020

UPM to close plywood mill in Finland due to profitability reasons

UPM to close plywood mill in Finland due to profitability reasons
UPM Plywood is planning to permanently close its Jyväskylä plywood mill in Finland, which is producing spruce and birch plywood.     The company starts a consultation process concerning the entire personnel working at the mill. UPM Jyväskylä plywood mill employs 167 people.    The profitability of Jyväskylä plywood mill has been weak for a long time, even during periods of high-demand. Despite investments as well as savings and improvement activities, the profitability has not improved to a sustainable level.    Competition in the birch plywood market is ...

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