UPM-Kymmene's sale of its bulk container business concluded

The sale of UPM-Kymmene's Rosenlew flexible intermediate bulk container (FIBC) operations to management and a group of international investors, published on April 30, 2003, is now concluded and the business has been transferred to the new owners.

Rosenlew's production plants are located in Belgium, Finland, France, Portugal and in the USA. In 2002, turnover of the Rosenlew operations was EUR 40 million and the number of personnel 470.

UPM-Kymmene Corporation
Corporate Communications
September 1, 2003