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-Kymmene Annual Report on Form 20-F f | 21 Jun 2004 |
| European Commission competition authorit | 25 May 2004 |
| UPM received an EU Commission Statement | 4 May 2004 |
| UPM to increase use of recovered paper a | 28 Apr 2004 |
| UPM-KYMMENE INTERIM REVIEW 1 JANUARY - 3 | 27 Apr 2004 |
| UPM invests in release base paper at its | 27 Apr 2004 |
| UPM Rafsec to provide RFID labels to a p | 21 Apr 2004 |
| UPM's IFRS comparative figures for 2003 | 24 Mar 2004 |
| Riitta Savonlahti appointed Executive Vi | 24 Mar 2004 |
| UPM's President and CEO Jussi Pesonen at | 24 Mar 2004 |
| Decisions of the Annual General Meeting | 24 Mar 2004 |
| Vesa Vainio to continue as Chairman of U | 24 Mar 2004 |