Key Developments: UPM Kymmene Oyj (UPM1V.HE)

UPM1V.HE on Helsinki Stock Exchange

23 Dec 2014
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Latest Key Developments (Source: Significant Developments)

UPM-Kymmene Corporation sells forest land in the UK
Thursday, 11 Dec 2014 07:00pm EST 

UPM-Kymmene Corporation:Sells forest land in the UK to the Church Commissioners for England.Says will recognise a capital gain of approx. 46 million euros as a special item for Q4 2014.  Full Article

UPM-Kymmene Corporation cuts 550 jobs
Thursday, 13 Nov 2014 02:30am EST 

UPM-Kymmene Corporation:Announced a plan to close 800,000 tonnes of publication paper capacity in Europe as it aims cut 550 jobs and save 150 million euros.Plans to permanently close down paper production machines at its mills in France's Chapelle, Britain's Shotton as well as Finland's Jamsa and Kaukas.  Full Article

UPM-Kymmene outsources selected application management services to Tieto
Wednesday, 3 Sep 2014 03:13am EDT 

UPM-Kymmene Corporation:Says outsources selected application management services to Tieto.  Full Article

UPM-Kymmene Corporation enters into exclusive distribution agreement with Domtar Corp
Thursday, 10 Jul 2014 05:30am EDT 

UPM-Kymmene Corporation (UPM):Announces that UPM and Domtar Corp have entered into an agreement for UPM to become the exclusive distributor of Domtar Corp’s BioChoice lignin in Europe.Says BioChoice is produced at Domtar Corp’s biorefinery in Plymouth, North Carolina, and the agreement takes effect on Aug. 1.  Full Article

UPM-Kymmene Corporation signs distribution agreement for renewable diesel
Monday, 16 Jun 2014 06:15am EDT 

UPM-Kymmene Corporation:Signs sales agreement for UPM BioVerno renewable diesel, produced in UPM's Lappeenranta Biorefinery, with NEOT (North European Oil Trade).NEOT specializes in oil and biofuels wholesale and supplies with fuels Finnish service stations ABC, St1 and Shell.  Full Article

UPM-Kymmene says UPM Raflatac invests in coating line in Poland and cut jobs in Spain and Finland
Thursday, 24 Apr 2014 07:15am EDT 

UPM-Kymmene Corporation:Says UPM Raflatac is to invest about 13 million euros in a new coating line at the company's self-adhesive labelstock factory in Nowa Wies, Poland.Expects start-up of the new assets to take place in Q1 2015.Following the planned investment, will close an older film coating line in Tampere, Finland and the UPM Raflatac siliconising line in Tervasaari, Finland.Will also centralize sheet coating to Nowa Wies and at the same time close sheet labelstock coating operations and reduce capacity in sheets finishing in Polinya, Spain.Expects the actions to result in annual cost savings of about 4 million euros starting from 2015 and exceeding 6 million euros in 2016.Estimates total personnel impact to be a maximum of 122 positions, including 86 positions in Spain and a maximum of 36 positions in Finland.  Full Article

UPM-Kymmene says UPM Raflatac plans production capacity increase in Asia Pacific
Thursday, 3 Apr 2014 01:00am EDT 

UPM-Kymmene Corporation:Says UPM Raflatac plans to increase production capacity in Asia Pacific by investing 14 million euros in its asset platforms in China and Malaysia.Believes these initiatives will add 200 million euros of EBITDA in the coming three years.Intends to build a new coating line in the company’s self-adhesive labelstock factory in Changshu, China.Plans machinery upgrades in Changshu as well as the Johor Bahru factory in Malaysia.Estimates machinery investments to add more than 50 percent new coating capacity in the region for UPM Raflatac.  Full Article

UPM-Kymmene says UPM Plywood and Isku sign agreement
Tuesday, 18 Mar 2014 08:00pm EDT 

UPM-Kymmene Corporation:Says UPM Plywood and Isku have signed a partnership agreement on Finnish thermo-formable UPM Grada wood material and WISA birch plywood.Isku will convert all of its Lahti mill’s form press production to UPM Grada.Isku is a Finnish furniture manufacturer.  Full Article

Fortum Oyj, UPM-Kymmene and Valmet join forces for advanced biomass based fuels
Tuesday, 11 Mar 2014 08:00pm EDT 

Fortum Oyj:Joins forces with UPM-Kymmene Corporation and Valmet to develop a new, winning technology to produce advanced high value lignocellulosic fuels, such as transportation fuels or higher value bio liquids.The five-year project is called LignoCat (lignocellulosic fuels by catalytic pyrolysis).The project is funded by Tekes – the Finnish Funding Agency for Technology and Innovation.The aim is to help utilities and the forest industry sector in making investment decisions for entering advanced biofuel production.  Full Article

UPM-Kymmene proceeds with Changshu investment in China
Friday, 28 Feb 2014 01:00am EST 

UPM-Kymmene Corporation:Implements construction of the third production unit with improved capital efficiency on its Changshu mill in China.The investment scope has been moderately revised and instead of constructing a new power plant, UPM will upgrade existing boilers providing opportunity to consider more environmentally effective fuels or solutions for the mill’s energy supply in the future.The mill also aims at utilizing existing facilities more effectively instead of building new infrastructure.With the revised plan the investment cost is 277 million euros instead of the original 390 million euros.  Full Article

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