UPM to sell 150 hectars of land to the city of Valkeakoski in Finland for industrial use

(UPM, Helsinki, 6 November 2008 at 08:40) – UPM will sell approximately 150 hectares of land to the city of Valkeakoski by the end of the year. The city aims to draw up a plan for the land for industrial and business construction and therefore create opportunities for new jobs in the city. The land is well located in the vicinity of motorway and the existing southern junction.

The sale is part of UPM's "From job to job" programme, which UPM has started to alleviate the impacts of the closure of the Tervasaari pulp mill in Valkeakoski.

The pricing of the land is based on the value of the forestry and it does not take into account the increase in value affected by the future land use planning.

The sale requires the approval of the city government and the city council.

For further information please contact:
Mr Samuli Eerolainen, Land Property Manager, UPM, Real Estate, tel. +358 400 654 838