UPM Timber prepares for production curtailments at the end of the year

(UPM, Helsinki, 15 September 2010 at 9:30) – UPM's Timber business will curtail its production in Finland during the fourth quarter of 2010. Demand for sawn timber has decreased and due to the seasonal changes demand is estimated to further slow down towards the end of the year. Also high wood price in Finland has weakened the business' cost competitiveness in the markets.

The production curtailments in Timber business and possible temporary lay-offs are to be carried out according to mill-specific plans. UPM Timber has curtailed its production also during the first half of 2010, and has closed down a sawmill in Heinola and a further processing mill in Parkano during the early 2010.

For further information please contact:
Mr Arto Halonen, Senior Vice President, UPM Timber, tel. +358 40 823 2877

Notes to editors
UPM Timber manufactures green products for sustainable and advanced building applications. Our annual production capacity is 2.3 million cubic metres of sawn timber. UPM Timber's 12 production units are located in Finland, France, Austria and Russia. UPM Timber employs 1,200 people of which 800 in Finland.