Edition:
United States

UPM-Kymmene Oyj (UPM.HE)

UPM.HE on Helsinki Stock Exchange

28.11EUR
20 Feb 2018
Change (% chg)

€0.46 (+1.66%)
Prev Close
€27.65
Open
€27.65
Day's High
€28.11
Day's Low
€27.65
Volume
881,516
Avg. Vol
1,446,744
52-wk High
€28.53
52-wk Low
€21.23

Latest Key Developments (Source: Significant Developments)

UPM Evaluates Potential To Build A New Biorefinery In Finland
Monday, 5 Feb 2018 07:23am EST 

Feb 5 (Reuters) - UPM-Kymmene Oyj ::UPM - UPM STUDIES OPPORTUNITIES FOR DEVELOPING ITS BIOFUELS BUSINESS BY STARTING AN ENVIRONMENTAL IMPACT ASSESSMENT IN KOTKA, FINLAND.SAYS ‍STUDY OF A POSSIBLE KOTKA BIOREFINERY IS IN VERY EARLY STAGES AND EIA PROCESS NORMALLY TAKES APPROXIMATELY ONE YEAR​.SAYS ‍KOTKA BIOREFINERY WOULD PRODUCE APPROXIMATELY 500,000 TONNES OF ADVANCED BIOFUELS FOR TRANSPORTATION, MADE FROM SEVERAL RENEWABLE AND SUSTAINABLE FEEDSTOCKS​.SAYS ‍IN URUGUAY WE ARE TESTING A WINTER CROPPING CONCEPT WITH BRASSICA CARINATA FOR BIOFUELS' RAW MATERIAL​.  Full Article

UPM Completes Closure Of Blandin 5 Paper Machine By End Of 2017
Wednesday, 20 Dec 2017 09:00am EST 

Dec 20 (Reuters) - Upm-Kymmene Oyj ::UPM COMPLETES CLOSURE OF PAPER MACHINE 5 IN BLANDIN BY END OF YEAR.SAYS ‍ALL RELATED PROCESSES HAVE BEEN COMPLETED, PAPER MACHINE 5 IN BLANDIN WILL BE PERMANENTLY CLOSED LATEST ON 30 DECEMBER 2017​.SAYS ‍CLOSURE WILL REDUCE ANNUAL CAPACITY OF COATED MAGAZINE PAPER BY APPROXIMATELY 128,000 TONS​.  Full Article

‍UPM and government of Uruguay sign an investment agreement
Tuesday, 7 Nov 2017 05:15pm EST 

Nov 7 (Reuters) - Upm-kymmene Oyj :‍UPM and government of Uruguay sign an investment agreement to establish a competitive operating platform for a possible new pulp mill in Uruguay​.  Full Article

Paper maker UPM to cut jobs in Germany and U.S.
Tuesday, 24 Oct 2017 08:30am EDT 

Oct 24 (Reuters) - UPM Oyj :says plans to reduce graphic paper capacity and optimize operations to increase competitiveness.plans to optimize operations at its UPM Nordland Papier and UPM NorService units in Dorpen, Germany, Europe's biggest fine paper site.aims to permanently close paper machine 5 at UPM Blandin in Minnesota, United States, reducing the annual capacity by approximately 128,000 tons of coated magazine paper..Says ‍planned actions will result in annual savings of approximately eur 30 million​.Says ‍will recognize restructuring charges of approximately eur 35 million as items affecting comparability in its Q4 2017 results​.says 223 positions are estimated to be affected by plans in Germany and 150 positions in the U.S.."During the last years the demand for graphic papers has been declining - and the decline is expected to continue... we have to adjust our operations to prospective customer demand," says Winfried Schaur, Executive Vice President, UPM Paper ENA.  Full Article

UPM-Kymmene evaluates potential to build biorefinery
Tuesday, 24 Oct 2017 01:45am EDT 

Oct 24 (Reuters) - UPM-KYMMENE OYJ ::‍EVALUATES POTENTIAL OF BUILDING A BIOREFINERY IN CHEMICAL PARK FRANKFURT-HÖCHST IN GERMANY​.  Full Article

Kymmene invests EUR 50 mln to expand its plywood mill in Russia
Tuesday, 24 Oct 2017 01:15am EDT 

Oct 24 (Reuters) - UPM-KYMMENE OYJ :‍EXPANDS ITS CHUDOVO PLYWOOD MILL IN RUSSIA BY INVESTING EUR 50 MILLION​.‍PROJECT IS ESTIMATED TO BE COMPLETED BY END OF 2019.‍EXPANSION IS ESTIMATED TO CREATE ABOUT 100 NEW JOBS BOTH DIRECTLY AT MILL AND INDIRECTLY​.  Full Article

UPM Raflatac to open new distribution terminal in Chile
Monday, 2 Oct 2017 10:20am EDT 

Oct 2 (Reuters) - Upm-kymmene Oyj :Says UPM Raflatac will open a new slitting and distribution terminal in Santiago, Chile in early 2018.  Full Article

UPM-Kymmene concludes sale of its hydro power facilities ​
Tuesday, 1 Aug 2017 01:30am EDT 

Aug 1 (Reuters) - UPM-KYMMENE OYJ ::UPM-KYMMENE - ‍CONCLUDED SALE OF ITS HYDRO POWER FACILITIES IN STEYRERMÜHL, AUSTRIA TO ENERGIE AG​.  Full Article

Paper consolidation would make sense in Europe, says UPM CEO
Tuesday, 25 Jul 2017 07:00am EDT 

July 25 (Reuters) - UPM Oyj :UPM CEO Jussi Pesonen tells a conference call: "I do see that consolidation makes sense (in European paper industry)... if there will be opportunities that will create value for shareholders, we are interested.".  Full Article

Finland's UPM sees next big maintenance shut-down at Kymi in December
Tuesday, 25 Jul 2017 04:14am EDT 

July 25 (Reuters) - UPM Oyj :CFO Tapio Korpeinen says next big maintenance shut-down will be at Kymi pulp mill starting in December, partly relating to an investment project."It is a bit more extended shutdown than you would have for pure maintenance," Korpeinen tells a conference call.Says impact of the shutdown could be around 20 million euros in the fourth quarter.  Full Article

UPDATE 1-Finland's UPM moves forward with $2.3 bln Uruguay pulp project

HELSINKI/MONTEVIDEO, Nov 8 Finnish pulp and paper maker UPM moved forward on Wednesday with a plan to build a new 2 billion euro ($2.32 billion) pulp plant in Uruguay as it signed an infrastructure investment deal with the Latin American country.