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UPM-Kymmene Oyj (UPMKY.PK)

UPMKY.PK on OTC Markets Group

26 May 2017
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$0.16 (+0.57%)
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Latest Key Developments (Source: Significant Developments)

UPM sets new long-term financial targets
Tuesday, 31 Jan 2017 03:10am EST 

Upm-kymmene Oyj : Says business area return targets and comparable ROE target have been increased . Says a new financial policy on leverage based on net debt/EBITDA has been introduced . Says cash flow-based dividend policy remains unchanged . Says increased long-term return targets for five of six business areas . Says aims to grow its comparable EBIT over long term . Says aims to maintain strong performance also in European and North American paper business .Says aims to capture opportunities to develop our business and product mix and further improve cost competitiveness.  Full Article

Finland's UPM builds new coating line in Poland
Tuesday, 11 Oct 2016 06:00am EDT 

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 02:00am EDT 

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 02:15am EDT 

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 01:30am EDT 

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 06:40am EDT 

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 02:00am EDT 

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

UPM-Kymmene closes Madison site, sells US hydro power assets
Monday, 14 Mar 2016 10:01am EDT 

UPM-Kymmene Corporation:Says closes Madison Paper Industries and plans to sell related hydro power assets in the U.S.Says paper business partnership with Northern SC Paper Corp., a subsidiary of the New York Times.Company, is expected to conclude by the end of May at the latest.Says the closure of the mill will reduce total of 195,000 tons of its supercalendered paper capacity.Says the closure will impact about 214 employees located at the Madison mill site the mill site.  Full Article

UPM-Kymmene Corporation: market court - UPM does not infringe Neste's patent at biorefinery
Thursday, 3 Dec 2015 07:20am EST 

UPM-Kymmene Corporation:Says Finnish market court has ruled that UPM does not infringe Neste's patent.Says UPM Biofuels' business and the deliveries of wood-based UPM BioVerno diesel will continue as usual.  Full Article

UPM-Kymmene in discussions with LEIPA on sale of UPM Schwedt mill
Tuesday, 17 Nov 2015 05:00am EST 

UPM-Kymmene Corporation:Says UPM and LEIPA Georg Leinfelder GmbH are discussing the potential sale of the UPM Schwedt mill site and relevant assets to LEIPA for the aim of a conversion into liner production.Says LEIPA will commence a study on the potential conversion at the Schwedt site immediately.Says the planned production capacity would be approximately 450,000 tons of liner annually.Says a number of issues remain open and discussions are expected to last several months.  Full Article

More From Around the Web

BRIEF-UPM, New York Times sell hydro power plants

* says Madison Paper Industries, a partnership of Finland's UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company, has signed an agreement on the sale of its hydro power facilities to Eagle Creek Renewable Energy, LLC