Coverage
Finnish forestry group UPM-Kymmene reported a 47% drop in third-quarter comparable operating profit, citing weak markets and subdued consumer demand.
UPM-Kymmene will permanently close its paper mill in Kaukas, Finland, and cut 220 jobs, the company said Friday after concluding negotiations with employees.
UPM-Kymmene has agreed to sell a sawmill to Finland's largest private timber producer, Versowood, in a deal aimed at securing wood supplies for its pulp business amid high costs.
Finnish forestry group UPM-Kymmene said Tuesday it has started a strategic review of its plywood business, which could lead to a sale, demerger or an initial public offering of the unit.
UPM-Kymmene is extending a shutdown at one Finnish pulp mill and temporarily closing another, citing challenging market conditions and high raw material costs.
UPM-Kymmene Corporation announced it will discontinue its planned biofuels refinery project at the Port of Rotterdam, halting all engineering work and withdrawing from site commitments.
Filings
| Filing | Date |
|---|---|
| UPM to sell its minority shareholding in Corenso United | 17 Mar 2005 |
| UPM's Annual Report 2004 published | 17 Mar 2005 |
| Franklin Resources, Inc.'s holding of voting rights in UPM 10.11 per cent | 11 Mar 2005 |
| Offering of Metso shares by UPM completed | 8 Mar 2005 |
| UPM to participate in Botnia's pulp mill project in Uruguay with USD 67 million capital investment | 7 Mar 2005 |
| Offering of Metso shares by UPM to begin | 7 Mar 2005 |
| SHARE REPURCHASE 4.3.2005 | 4 Mar 2005 |
| SHARE REPURCHASE 3.3.2005 | 3 Mar 2005 |
| SHARE REPURCHASE 2.3.2005 | 2 Mar 2005 |
| SHARE REPURCHASE 1.3.2005 | 1 Mar 2005 |
| SHARE REPURCHASE 28.2.2005 | 28 Feb 2005 |
| SHARE REPURCHASE 25.2.2005 | 25 Feb 2005 |