(UPM Lahti, March 8, 2006) - UPM has started the process of closing down its timber further processing mill in Dinnington, in the UK Midlands. The closure is expected to be concluded during the second quarter of 2006, following full consultations with employees.
"The financial performance of the Dinnington mill has been poor already for many years. Regardless of the efforts made by the mill's production personnel and sales, the mill's high cost structure compared to the relatively low production capacity make it impossible to get the operations profitable", says Tuomo Visanko, Senior Vice President, Operations.
The Dinnington Planing Mill has a processing capacity of 35,000 cubic metres of timber and it employs 34 people. UPM has a plan to help the personnel affected to find new employment. The closure costs have only minor effect on UPM's operating profit.
For further information please contact:Mr Tuomo Visanko, Senior Vice President, Operations, UPM Wood Products Division, tel. +358 400 352 990Mr Tapio Pirinen, Managing Director, UPM-Kymmene Wood Ltd, tel. +44 7 831 831 383