Schauman Wood's merger is left out

The merger of Kymmene Corporation´s Finnish subsidiaries with the parent company, announced in connection with the amalgamation of Kymmene and Repola, will not materialise in Schauman Wood´s case. Within the UPM-Kymmene structure, commencing operations on 1 May, Schauman Wood Oy forms a plywood division as a profit centre and its organisation remains the same except for the inclusion of Mahogany Oy, a manufacturer of veneers and special plywoods. Schauman Woods sawmilling companies are transferred to the organisational structure of United Sawmills.