UPM-Kymmene Corporation has agreed to sell Walki Can, its liquid packaging system business, to Stromsdal Oyj and RMG Pointo Oy. The business consists of the converting of board-based packaging materials and the subcontracting and assembling of packaging machines. The system concept also includes technical service functions and sales. The transaction supports Stromsdal's speciality board strategy as well as RMG Pointo's plan to expand manufacturing of machinery.
The production plants of Walki Can are located in Valkeakoski, Finland and in Steinfurt, Germany. Walki Can's number of personnel is 35.
UPM-Kymmene has consistently streamlined its converting industry in recent years. UPM-Kymmene Converting Industry now consists of Raflatac producing self-adhesive labelstock, Loparex producing siliconized release materials and Walki Wisa producing wrappings and composite materials. All three companies are leaders in their own field.
For more information, please contact:Mr Pentti Kallio, Director, UPM-Kymmene Converting Industry, tel. +358 204 15 0015Mr Heikki Sormunen, Managing Director, Walki Can, tel. +358 204 16 3500Mr Björn Forss, Managing Director, Stromsdal Oyj, tel. +358 17 688 641 Mr Lauri Mäkelä, Managing Director, RMG Pointo Oy, tel. +358 201 270200
UPM-Kymmene CorporationCorporate Communications8 October, 2002