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Companies in the timber industry / Daily News / Market Analysis / Statistics / Wood Products / Wood-based panels / Europe / Global / Russia
March 9, 2022

UPM suspends purchasing of wood in and from Russia; ceases operations at Chudovo plywood mill

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 the time being.    The company is preparing a mitigation plan accordingly. UPM also informed on 3 March 2022 that it will cease deliveries to Russia.    The suspension will be implemented with due consideration of UPM’s local employees, customers and stakeholders as well as the legislation in Russia.    UPM continues to honour its obligations towards its employees in Russia. UPM businesses will keep their customers and suppliers informed ...

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