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Globe and Mail (Free subscription) | 11/09/2008
Two of the world's biggest paper makers announced thousands of layoffs, mill closings and production cuts yesterday to counter high costs and overcapacity in the industry. UPM-Kymmene Corp., the world-leading producer of magazine paper, said it will axe 1,600 jobs in 2009 and 2010, and close mills in Finland. Another Finland-based company, Stora Enso Oyj, announced production cuts and 1,700 layoffs,...
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Reuters UK (Free subscription) | 14/08/2008
HELSINKI, Aug 14 (Reuters) - There are no plans to merge the world's top paper and board maker Stora Enso and largest magazine paper maker UPM-Kymmene , UPM Chairman Bjorn Wahlroos told Finnish papers.
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Russia News Net (Free subscription) | 28/07/2008
. B.R.I.S.T. is a holding company indirectly controlled by Russian entrepreneur Aleksei Mordashov. UPM is buying its share of the joint venture through its subsidiary UPM- Kymmene RUS Holdings. -By
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Reuters UK (Free subscription) | 24/07/2008
HELSINKI, July 24 (Reuters) - UPM-Kymmene reported on Thursday a 31 percent fall in its second-quarter operating profit, excluding one-off items, and said it might close plants to improve profitability.
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Market Watch (Free subscription) | 12/06/2008
LONDON (MarketWatch) -- UPM-Kymmene said Thursday that it expects profit at its sawn timber business to fall below forecasts in the second quarter and fiscal-year profit for the business to weaken markedly. UPM said that it will start negotiating with employees over possibly closing its loss-making Leivonmaki sawmill in Finland. The company said that weaker markets and uncertainty related to raw material...
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Reuters UK (Free subscription) | 12/06/2008
HELSINKI, June 12 (Reuters) - UPM-Kymmene said on Thursday profits in its sawn timber business would weaken due to slackening markets and uncertainty over raw material supply, and that it plans closing a loss-making sawmill in Finland.
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Moscow Times (Free subscription) | 27/04/2008
UPM-Kymmene, Europe's second-largest papermaker, and Sveza Group, Russia's largest plywood producer, plan to invest 1 billion euros ($1.56 billion) in a joint venture to produce pulp, lumber and wood panels in Russia.
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The Earth Times Online Newspaper (Free subscription) | 11/04/2008
Helsinki - Finnish paper and forestry group UPM-Kymmene Friday said it planned to build a 12-million-euro (18-million-dollar) plant in Karlsruhe, Germany to make wood plastic composite. Production was aimed at the growing Central European market, the...
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Financial Time (Free subscription) | 08/03/2008
Finnish paper manufacturers UPM-Kymmene and Stora Enso climbed yesterday, defying the gloom in European equity markets, on speculation the two were...
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Financial Time (Free subscription) | 08/03/2008
Finnish paper manufacturers UPM-Kymmene and Stora Enso climbed yesterday, defying the gloom in European equity markets, on speculation that the two were...
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Market Watch (Free subscription) | 05/02/2008
LONDON (MarketWatch) -- Paper firm UPM-Kymmene said that fourth-quarter net profit dropped to 29 million euros, or 0.06 euros a share, from 195 million euros, or 0.38 euros a share, a year ago. Sales inched down to 2.5 billion euros, from 2.58 billion euros a year ago. The firm said that a strong increase in the cost of wood and recycled fibre and the effect of a stronger euro offset cost savings....
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SmartNews (Free subscription) | 17/01/2008
KUUSANKOSKI, Finland (Reuters) - When Finland's UPM-Kymmene bowed to tough market conditions and shut its Voikkaa paper plant two years ago, Raimo Loytty readily swapped a 30-year career in the mill for a stone mason's chisel. Australia to Pick Up Whaling Activists Australia [...]
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CBC.ca (Free subscription) | 20/12/2007
Mill workers in northern New Brunswick are calling on the province to stop UPM-Kymmene Group from cutting wood on Crown land.
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Moscow Times (Free subscription) | 19/12/2007
The world's top magazine papermaker, UPM-Kymmene, agreed Wednesday to form a 50-50 joint venture with Sveza to invest more than 1 billion euros ($1.4 billion).
