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 |
|---|---|
| Rectification to Bloomberg and Kauppaleh | 6 Jun 2003 |
| UPM-Kymmene has established a company fo | 2 Jun 2003 |
| UPM-Kymmene Wood Products Industry's man | 23 May 2003 |
| Share subscription price for stock optio | 22 May 2003 |
| UPM-Kymmene signs a letter of intent in | 20 May 2003 |
| UPM-Kymmene to sell its bulk container b | 30 Apr 2003 |
| UPM-Kymmene Annual Report on Form 20-F | 29 Apr 2003 |
| UPM-Kymmene's financial reporting in 200 | 28 Apr 2003 |
| UPM-Kymmene Interim Review for January-M | 23 Apr 2003 |
| UPM-Kymmene to vigorously oppose U.S. De | 23 Apr 2003 |
| US Department of Justice intends to bloc | 15 Apr 2003 |
| THE CAPITAL GROUP COMPANIES, INC. FUNDS' | 9 Apr 2003 |