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 Miramichi announces restructuring to improve its competitiveness, facility's kraft mill to close | 29 Sept 2004 |
| UPM President and CEO Jussi Pesonen: The | 22 Sept 2004 |
| UPM invests in additional coating capaci | 14 Sept 2004 |
| UPM's sale of Brooks Group concluded | 1 Sept 2004 |
| UPM to start negotiations with employees | 30 Aug 2004 |
| The President of Raflatac Group will cha | 27 Aug 2004 |
| UPM sells Brooks Group in Ireland to Wol | 30 Jul 2004 |
| UPM's financial reporting in 2005 | 29 Jul 2004 |
| UPM INTERIM REPORT 1 JANUARY - 30 JUNE 2 | 27 Jul 2004 |
| UPM launches feasibility study on buildi | 1 Jul 2004 |
| New Finnish tax laws reduce UPM's deferr | 30 Jun 2004 |
| Kajaani district court rejected Paljakka | 24 Jun 2004 |