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UPM-Kymmene Oyj (UPMKY.PK)

UPMKY.PK on OTC Markets Group

23.94USD
21 Apr 2017
Change (% chg)

$-0.08 (-0.33%)
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$24.02
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$23.83
Volume
7,287
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14,098
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$26.33
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$16.82

Latest Key Developments (Source: Significant Developments)

UPM, New York Times sell hydro power plants
Tuesday, 18 Apr 2017 01:31am EDT 

April 18 (Reuters) - UPM Oyj :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.says transaction is still subject to third party approvals, the parties have agreed not to disclose the purchase price.  Full Article

UPM to sell hydro power facilities in Austria to Energie AG
Thursday, 30 Mar 2017 01:31am EDT 

Upm-kymmene Oyj : Says has signed an agreement on the sale of its hydro power facilities in Steyrermuhl, Austria, to Energie AG . Says sale and purchase agreement is still subject to third party approvals .Says parties have agreed not to disclose the purchase price.  Full Article

Upm sells hydro power facilities in Germany to erdgas schwaben
Wednesday, 22 Mar 2017 02:35am EDT 

UPM-Kymmene Oyj : Sells hydro power facilities in Schongau and Ettringen, Germany to erdgas schwaben gmbh located in Augsburg . Parties have agreed not to disclose purchase price .Transaction does not have an effect on employees working at UPM Schongau and UPM Ettringen Mills.  Full Article

UPM concludes employee consultations in Austria and Germany
Thursday, 2 Feb 2017 04:30am EST 

Upm-kymmene Oyj : Says employee consultation processes at Steyrermühl, Austria, and Augsburg, Germany, ended . Says number of persons affected is 143 for Augsburg and 125 for Steyrermühl . Says SC paper machine 3 in Steyrermühl will be permanently closed at end of Q1 2017 . Says Augsburg production on SC paper machine 2 was stopped already in end of 2016 .Says closure of both machines would result in annual cost savings of approximately 30 million euros ($32.42 million).  Full Article

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

UPM shares fall after Q4 results
Tuesday, 31 Jan 2017 03:03am EST 

Upm : Shares fall 2.9 percent after Q4 results [nFWN1FL08V] Further company coverage: [UPM1V.HE] (Helsinki Newsroom) ((news@reuters.fi; +358968050244;)).  Full Article

Paper maker UPM posts rising Q4 profit
Tuesday, 31 Jan 2017 02:35am EST 

UPM-Kymmene Oyj : says Q4 adjusted EBIT 283 million euros (versus 275 million euros in Reuters poll) . Q4 sales 2,476 million euros (versus 2,496 million in poll) . says proposes annual dividend of 0.95 euros per share (versus 1.05 euros in poll) . says profitability is expected to remain on a good level in 2017 . says demand growth is expected to continue for most of UPM's businesses, while demand decline is expected to continue for UPM Paper ENA . says following a deflationary environment in recent years, 2017 is expected to show modest input cost inflation .says 2017 starts with lower pulp prices and lower availability of hydropower than in beginning of 2016.  Full Article

UPM comments on market speculation over Uruguay pulp mill investment
Thursday, 26 Jan 2017 04:10am EST 

Upm-kymmene Oyj : Says that it is not engaged in negotiations on a pulp mill investment with Uruguayan government . Says company is considering prospects and prerequisites for long-term development in Uruguay . Says UPM is engaged in discussions with government of Uruguay on infrastructure development . Says start of any investment project concerning a potential pulp mill would require a satisfaction of several requirements, one of them being a conclusion of infrastructure development .Says discussion have not been concluded and a number of issues remain unsettled.  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

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