Key Developments: UPM Kymmene Oyj (UPM1V.HE)

UPM1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

UPM-Kymmene Corporation: AXA Real Estate completes acquisition of 3,700 hectares of forest land
Friday, 27 Feb 2015 04:00am EST 

UPM-Kymmene Corporation:AXA Real Estate completes acquisition of 3,700 hectares of forest land in Finland with UPM.AXA has completed the acquisition of three forest estates in Finland for a consideration of 11.2 million euros.  Full Article

UPM-Kymmene Corporation will build university in Uruguay
Thursday, 12 Feb 2015 07:00am EST 

UPM-Kymmene Corporation:Says the company and the Technical University of Uruguay have signed an agreement to build a new Regional Technological University (ITR) in Fray Bentos.Says construction of Fray Bentos is estimated to take 14 months.  Full Article

UPM-Kymmene Corporation gives FY 2015 profit outlook
Tuesday, 3 Feb 2015 02:35am EST 

UPM-Kymmene Corporation:Says improved profitability achieved in FY 2014 is expected to continue in FY 2015.Reported net income of 621.94 mln Euros in FY 2014.FY 2015 net income of 624.31 mln Euros - Thomson Reuters I/B/E/S.  Full Article

UPM-Kymmene Corporation proposes a dividend of 0.70 euro
Tuesday, 3 Feb 2015 02:35am EST 

UPM-Kymmene Corporation:Proposed a dividend of 0.70 euro.  Full Article

UPM-Kymmene confirms capacity cuts in Finland and Britain
Tuesday, 20 Jan 2015 02:30am EST 

UPM-Kymmene Corporation:Says employee negotiations concluded in Finland and the UK.Closes 675,000 tonnes of publication paper capacity.Says production will be ceased by the end of March 2015 at the latest.Says reduces its coated and uncoated magazine paper capacity by about 460,000 tonnes and its newsprint capacity by 215,000 tonnes.Says employee consultation process concerning the planned closure of the paper machine 3 at Chapelle in France is proceeding.  Full Article

UPM-Kymmene Corporation's biorefinery starts commercial production
Monday, 12 Jan 2015 04:30am EST 

UPM-Kymmene Corporation:Lappeenranta biorefinery is in commercial production.Plant produces about 120 million litres of renewable UPM BioVerno diesel yearly.  Full Article

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

BRIEF-Taaleritehdas buys 5500 hectares of forest from UPM Kymmene

* The companies agreed value of the deal would not be disclosed Source text: Further company coverage: (Gdynia Newsroom)

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