UPM invests 4.5 million euros in Kaukas plywood mill

UPM will invest 4.5 million euros in the Kaukas plywood mill in order to ensure the mill’s competitiveness and to strengthen the company’s position in the transport vehicle plywoods market in particular.

The mill’s peeling and veneer drying facilities will be modernised and a new veneer patching line and plywood packaging line will be installed. The investment project, which will improve the mill’s efficiency, is due to be completed by autumn 2005.

The Kaukas plywood mill, which is located in Lappeenranta, southwest Finland, produces yearly about 55,000 cubic metres of birch plywood. The investment and reorganisation of working hours will enable the mill to increase its production to 90,000 cubic metres. Owing to this, there are 26 open vacancies to be applied for internally at the mill which employs currently approximately 380 people.


For further information, please contact:
Mr Tuomo Visanko, Senior Vice President, Operations, UPM Wood Products Division,
tel. +358 (0)400-352 990.


UPM, Wood Products Division
Communications/miia.narekorpi@upm-kymmene.com
December 8, 2004


UPM is one of the world's leading forest products companies. The company's businesses focus on papers, converting materials and wood products. UPM’s turnover in 2003 was close to 10 billion euros, and the group employs approximately 34,000 people. The company offers high-quality WISA wood products solutions for building and industrial applications. The company has an annual production capacity of some 1.1 million cubic metres of plywood and 2.2 million cubic metres of sawn timber. The turnover of UPM Wood Products Division in 2003 was 1.5 billion euros, and it employs more than 7,000 people.