Companies in the timber industry / Daily News / Global Trends / Wood Products / Wood-based panels / Europe / Global
July 23, 2020
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 147. 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 increasing constantly. New birch plywood capacity has been built especially in Russia, where the production cost level is significantly more competitive than in Finland. If realized ...
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