UPM's investment at Kymi pulp mill proceeds

(UPM, Helsinki, April 12, 2006) – UPM's investment of EUR 325 million in the rebuild of Kymi pulp mill proceeds as planned. Yesterday the corporation agreed on the mill engineering with Jaakko Pöyry Plc. The investment was announced in March.

"The rebuild of recovery plant will be completed in the last quarter of 2008. The investment will secure the pulp supply of Kymi paper mill and ensure Kymi's development as competitive fine paper integrate. Furthermore, we estimate that the investment will have important economic effects on services and business activities in the region. The need for project employees will be around 900 persons as maximum at the mill. The important part of Jaakko Pöyry's mill engineering will be realized in Kouvola", says the project director Matti Haukijärvi.

In the rebuild two old and cost ineffective chemical recovery lines will be replaced by one modern line. The investment will also resolve other bottlenecks in the production. The new recovery plant will improve Kymi's cost efficiency. In addition, the pulp mill's energy efficiency will be improved and fossil carbon-dioxide emissions will be decreased.

For further information please contact:
Mr Matti Haukijärvi, Project Director, UPM, tel. +358 40 543 2901