News: UPM-Kymmene Corporation (UPM1V.HE)
11 Mar 2014
Fri, Feb 28 2014
HELSINKI, Feb 28 - Pulp and paper maker UPM-Kymmene plans to invest 160 million euros ($220 million) on boosting output at one of its Finnish mills on expectations of a pickup in Nordic wood pulp, and having cut back on spending at a paper factory in China.
* CEO says remains open to merger talks (adds CEO and fresh analyst comment, details on industry trend)
(Updates Skanska and Securitas, adds Talvivaara, Stora Enso, UPM and Marimekko)
(Updates Neste Oil, Kesko, DNB, Norwegian Air, REC, Ericsson, Sandvik, Husqvarna and Wartsila)
MONTEVIDEO, Oct 2 - Uruguay on Wednesday allowed the world's top graphic paper maker, Finland's UPM-Kymmene , to increase pulp production at a local plant, raising tensions with neighboring Argentina over accusations of environmental damages.