UPM to transfer its sea traffic from Hamina to Port of Kotka

(UPM, Kotka, December 27, 2007 at 11.30) – UPM's long-standing partner, port operator Steveco Oy, will concentrate its roll-on roll off (RoRo) business in Kotka. As a consequence, UPM will transfer its entire sea traffic from Hamina to Port of Kotka starting from the beginning of 2008. Cooperation with Steveco will continue as normal. UPM will transfer its stowable RoRo (StoRo), RoRo and ocean container traffic from Hamina to Kotka.

Following a review of port locations, Kotka was determined as the most cost efficient site. The decision to relocate all sea traffic to Kotka will additionally allow UPM to maintain its tailor-made pre-shipment system.

In 2006, UPM had concentrated its StoRo and RoRo sea traffic from Eastern Finland in Port of Hamina. However due to lower than expected sea traffic volumes at Hamina Port, the Company has not been able to develop the required operations as expected. The decrease of Steveco cargo flows at Hamina has also been compounded by significant cost increases, which is forecast to continue into 2008.

For more information, please contact:
Mr Jussi Sarvikas, Senior Vice President, Logistics, tel. +358 400 620 896
Mr Jukka Hölsä, Managing Director, UPM Seaways tel. +358 40 528 5106

Press conference:
Today, UPM and Steveco will hold a joint press conference in Hamina, at restaurant Haminan Hovi, meeting room Brahe (Satamakatu 11) at 13 hrs Finnish time.


UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284
communications@upm-kymmene.com