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 expects financial result for | 4 Apr 2003 |
| UPM-Kymmene applies for listing of 1998 | 24 Mar 2003 |
| INCREASE OF UPM-KYMMENE SHARE CAPITAL | 24 Mar 2003 |
| THE CAPITAL GROUP COMPANIES, INC. RAHAST | 21 Mar 2003 |
| THE CAPITAL GROUP COMPANIES, INC. FUNDS' | 21 Mar 2003 |
| Decisions of the Annual General Meeting | 19 Mar 2003 |
| UPM-Kymmene's President & CEO Juha Nieme | 19 Mar 2003 |
| Mr Vesa Vainio to continue as Chairman o | 19 Mar 2003 |
| THE IMPACT OF THE UPM-KYMMENE BONUS ISSU | 19 Mar 2003 |
| PKV:1998 A WARRANTS OF UPM-KYMMENE CORPO | 19 Mar 2003 |
| PKV:(E)SUBSCRIPTION RIGHT OF THE BONUS I | 18 Mar 2003 |
| UPM-Kymmene's profit and shareholders' e | 10 Mar 2003 |