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UPM-Kymmene Oyj (UPM1V.HE)

UPM1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

UPM-Kymmene Corporation's UPM closes 130,000 tonnes of newsprint capacity in France
Monday, 22 Jun 2015 02:30am EDT 

UPM-Kymmene Corporation:Says UPM closes 130,000 tonnes of newsprint capacity in France.Says UPM permanently closes paper machine No.3 at UPM Chapelle Darblay in France as of June 22.Says the closure has an impact on 187 positions at the mill.Says UPM Chapelle Darblay will continue paper production on the remaining paper machine No.6 producing standard newsprint and improved grades (MFS) with an annual capacity of 250,000 tonnes.Says.  Full Article

UPM-Kymmene to expand its plywood mill in Estonia
Thursday, 23 Apr 2015 07:30am EDT 

UPM-Kymmene Corporation:Aims to strengthen its position as the major plywood manufacturer in Europe by expanding its Otepää plywood mill in Estonia.Says the expansion will bring mill's production to almost double at 90,000 m3 per annum.Says investments made to Otepää to total about 40 million euros.Says in addition to mill expansion, will also build a new bio power plant, which will replace old, partly oil-burning plant.Says the expansion and construction works will start during this summer and will be completed by the end of 2016.  Full Article

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 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 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 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

UPDATE 2-Paper makers UPM and Stora seek more cost cuts after results beat forecasts

* UPM shares up 10.4 percent, Stora up 3.2 percent (Adds Stora Enso results, comments from CEO and analysts)