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UPM-Kymmene Oyj (UPM.HE)

UPM.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

‍UPM and government of Uruguay sign an investment agreement
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Upm-kymmene Oyj :‍UPM and government of Uruguay sign an investment agreement to establish a competitive operating platform for a possible new pulp mill in Uruguay​.  Full Article

Paper maker UPM to cut jobs in Germany and U.S.
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - UPM Oyj :says plans to reduce graphic paper capacity and optimize operations to increase competitiveness.plans to optimize operations at its UPM Nordland Papier and UPM NorService units in Dorpen, Germany, Europe's biggest fine paper site.aims to permanently close paper machine 5 at UPM Blandin in Minnesota, United States, reducing the annual capacity by approximately 128,000 tons of coated magazine paper..Says ‍planned actions will result in annual savings of approximately eur 30 million​.Says ‍will recognize restructuring charges of approximately eur 35 million as items affecting comparability in its Q4 2017 results​.says 223 positions are estimated to be affected by plans in Germany and 150 positions in the U.S.."During the last years the demand for graphic papers has been declining - and the decline is expected to continue... we have to adjust our operations to prospective customer demand," says Winfried Schaur, Executive Vice President, UPM Paper ENA.  Full Article

UPM-Kymmene evaluates potential to build biorefinery
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - UPM-KYMMENE OYJ ::‍EVALUATES POTENTIAL OF BUILDING A BIOREFINERY IN CHEMICAL PARK FRANKFURT-HÖCHST IN GERMANY​.  Full Article

Kymmene invests EUR 50 mln to expand its plywood mill in Russia
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - UPM-KYMMENE OYJ :‍EXPANDS ITS CHUDOVO PLYWOOD MILL IN RUSSIA BY INVESTING EUR 50 MILLION​.‍PROJECT IS ESTIMATED TO BE COMPLETED BY END OF 2019.‍EXPANSION IS ESTIMATED TO CREATE ABOUT 100 NEW JOBS BOTH DIRECTLY AT MILL AND INDIRECTLY​.  Full Article

Finland's UPM builds new coating line in Poland
Tuesday, 11 Oct 2016 

Upm-kymmene Oyj : Says UPM Raflatac building a new coating line at the Wroclaw label stock factory in Poland . Says approximately 35 million euro ($39.20 million)investment . Says new line to meet the increasing demand for self-adhesive label stock in Europe .Says production of new line is planned to commence in first half of 2018.  Full Article

Finland's UPM renames Asia business unit
Friday, 30 Sep 2016 

Upm-kymmene Oyj :Says UPM Paper Asia business area will be renamed UPM Specialty Papers as of 1 October 2016.  Full Article

Finland's UPM beats market expectations in second quarter
Tuesday, 26 Jul 2016 

Upm-kymmene Oyj : Q2 adjusted EBIT increased by 21 percent to 264 million euros ($290.77 million) versus 248 million euros in Reuters poll [nL8N1A72JB] . Q2 sales 2,445 million euros versus 2,500 million in reuters poll . Repeats 2016 guidance . Says profitability improvement is expected to continue in 2016 .Says currencies are expected to contribute positively as hedges roll over, assuming relevant currencies stay at same level as at end of 2015.  Full Article

UPM-Kymmene invests EUR 98 mln in Kymi mill
Monday, 4 Jul 2016 

UPM-Kymmene Oyj : Invests 98 million euros ($109.16 million) in Kymi pulp mill to strengthen position in global pulp market . Says Kymi's annual pulp production capacity is expected to increase from 700,000 tonnes to 870,000 tonnes of bleached northern softwood and birch pulp by end of 2017 .New machinery will be connected to process during next pulp mill shut-down planned for autumn of 2017.  Full Article

UPM-Kymmene: court dismisses claim of Metsahallitus
Wednesday, 22 Jun 2016 

UPM-Kymmene Oyj : Helsinki District Court has dismissed the damages claim of Metsahallitus against UPM, Stora Enso Corporation and Metsaliitto Cooperative .claim was based on competition restriction concerning the raw wood market.  Full Article

UPM-Kymmene Corporation sells its Schwedt mill to LEIPA Georg Leinfelder GmbH
Tuesday, 26 Apr 2016 

UPM-Kymmene Corporation:Says has signed an agreement to sell its Schwedt newsprint mill site and relevant assets to LEIPA Georg Leinfelder GmbH for the aim of a conversion into liner production.Says transaction price is eur 70 million, subject to customary third party approvals.Says parties have agreed to enter into a contract manufacturing deal for newsprint for a transition period which would end latest by 2017.Says LEIPA will convert the mill into liner production.Says planned production capacity would be approximately 450,000 tonnes of liner annually.  Full Article

Finns left out in the cold as Scandinavians press ahead with power deal

OSLO, Nov 28 Denmark, Norway and Sweden are pressing ahead with plans for a new system to balance electricity supply and demand in the region, leaving out Finland after negotiations with their neighbour broke down.