UPM Chudovo plywood mill celebrates two million cubic meters of manufactured birch plywood

(UPM, Chudovo, Russia, 4 April 2018 at 12:00 EET) - Today, UPM Chudovo plywood mill in Russia is celebrating its important milestone - two million cubic meters of plywood production since the start of the mill in 1990.

Over the last 27 years, high quality WISA birch plywood by UPM Chudovo has become well-known both by the European customers and at the Russian market.

"I am really proud of the two millionth cubic meter. It is an important milestone in the history of our production site. Continuous development and modernization are mill's keys to success. It took us 18 years to make the first million cubic meters and ten years later we were able to double the volume," says Anatoly Zhukovets, UPM Chudovo General Director.

"This achievement became possible due to the long-term partnerships with our customers and daily efforts of our employees."

In October 2017, it was announced that UPM expands its Chudovo plywood mill by investing EUR 50 million. The project will increase the mill's production capacity by 45,000 to 155,000 m3 while also broadening the mill's product portfolio. In addition to the production capacity growth, a new bio heat boiler will be built at the mill site. The project is estimated to be completed by the end of 2019. During the expansion process the production at the mill will continue in the normal mode.

For more detailed information please consult:
Mika Kekki, Vice-President, Operations, UPM Plywood, tel. +358 40 545 5803
Anatoly Zhukovets, General Director, UPM Chudovo, tel. +7 921194 60 80

UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
media@upm.com

UPM Chudovo
UPM Chudovo mill is one of the ninth UPM Plywood mills. It employs directly approximately 600 people and the annual capacity is 110,000 m3 of birch plywood. Annual birch veneer log supply is 300,000 m3. All the wood for the mill is sourced from sustainably managed forests. UPM Chudovo has FSC certificate on controlled wood sourcing.

UPM Chudovo plywood mill produces coated and uncoated birch WISA plywood e.g. for construction, vehicle flooring and LNG carriers. UPM Chudovo mill is the largest taxpayer and one of the biggest industrial employers in Chudovo region. The mill's history dates back to 1990 as the first Soviet-Finnish joint venture. UPM became its' sole owner in 2005. - www.wisaplywood.com/ru

UPM in Russia
UPM has been trading with Russia from the end of the 19th century. Currently UPM exports paper and label materials to Russia, sources wood and owns plywood mill in Novgorod region. Trade operations and logistics are managed from offices located in Moscow and Saint-Petersburg. - www.upm.ru

UPM Plywood manufactures high-quality WISA® plywood and veneer products mainly for construction and transport industries and the new thermo-formable UPM Grada® wood material for the form pressing industry. The sales of UPM Plywood in 2017 were EUR 484 million and it has about 2,400 employees. UPM Plywood has six plywood mills and a veneer mill in Finland, and plywood mills in Russia and Estonia - www.wisaplywood.com, www.upmgrada.com

UPM
UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com

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