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UPM's good performance and favourable market demand continued2017-07-25T06:15:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Half year financial report &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;25 July 2017 at 9&#58;15 EET</p> <p class="hugin"><b class="hugin">UPM's good performance and favourable market demand continued</b></p> <p class="hugin"><b class="hugin">Q2 2017 highlights</b></p> <ul class="hugin"> <li class="hugin"> <div class="hugin">Comparable EBIT increased by 2% to EUR 270 million (264 million in Q2 2016).</div> </li> <li class="hugin"> <div class="hugin">Favourable market demand continued.</div> </li> <li class="hugin"> <div class="hugin">High maintenance activity and seasonally higher fixed costs impacted comparable EBIT by approximately EUR -20 million compared with Q2 2016, EUR -45 million compared with Q1 2017.</div> </li> <li class="hugin"> <div class="hugin">Solid operating cash flow at EUR 269 million (434 million).</div> </li> <li class="hugin"> <div class="hugin">Net debt decreased to EUR 1,046 million (1,876 million).</div> </li> <li class="hugin"> <div class="hugin">UPM announced new focused investments at the Kaukas pulp mill and Tampere labelstock factory.</div> </li> </ul> <p class="hugin"><b class="hugin">H1 2017 highlights</b></p> <ul class="hugin"> <li class="hugin"> <div class="hugin">Comparable EBIT increased by 5% to EUR 575 million (545 million in H1 2016).</div> </li> <li class="hugin"> <div class="hugin">Five business areas increased their comparable EBIT.</div> </li> <li class="hugin"> <div class="hugin">Growth initiatives contributed to the comparable EBIT growth.</div> </li> <li class="hugin"> <div class="hugin">Successful mitigation of raw material cost pressures.</div> </li> <li class="hugin"> <div class="hugin">Strong operating cash flow at EUR 665 million (775 million).</div> </li> <li class="hugin"> <div class="hugin">UPM announced divestments of hydropower assets in Germany, Austria and the US.</div> </li> </ul> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_0" style="border-collapse&#58;collapse;border-style&#58;none;"> <tbody class="hugin"> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> <b class="hugin">Key figures</b> </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q2/2017 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q2/2016 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q1/2017 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q1-Q2/2017 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q1-Q2/2016 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q1-Q4/2016 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Sales, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 2,464 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 2,445 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 2,482 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 4,946 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 4,891 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9,812 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable EBITDA, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 349 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 385 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 405 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 755 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 788 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,560 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; % of sales </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.2 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.8 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 16.3 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.3 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 16.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.9 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Operating profit, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 269 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 262 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 312 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 581 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 539 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,135 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable EBIT, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 270 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 264 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 305 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 575 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 545 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,143 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; % of sales </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.0 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.8 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 12.3 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.6 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.6 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Profit before tax, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 258 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 250 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 299 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 557 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 513 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,080 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; Comparable profit before tax, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 258 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 252 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 291 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 550 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 519 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,089 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Profit for the period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 205 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 198 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 240 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 444 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 425 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 880 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable profit for the period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 205 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 200 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 234 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 440 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 425 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 879 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Earnings per share (EPS), EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.38 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.37 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.45 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.83 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.80 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.65 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> &#160; Comparable EPS, EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.39 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.37 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.44 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.82 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.79 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.65 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Return on equity (ROE), % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.2 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.8 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.9 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable ROE, % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.2 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.2 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.6 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.8 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.9 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Return on capital employed (ROCE), % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.8 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 12.0 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.2 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.0 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.5 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Comparable ROCE, % </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.8 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.0 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.7 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.6 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Operating cash flow, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 269 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 434 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 396 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 665 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 775 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,686 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Operating cash flow per share, EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.50 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.81 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.74 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.25 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.45 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 3.16 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Equity per share at end of period, EUR </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.14 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.36 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.92 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.14 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.36 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 15.43 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Capital employed at the end of period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9,965 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10,403 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9,919 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 9,965 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10,403 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10,657 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Net debt at the end of period, EURm </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,046 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,876 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 807 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,046 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,876 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,131 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Net debt to EBITDA (last 12 m.) </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.68 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.25 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.52 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.68 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.25 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.73 </td> </tr> <tr class="hugin"> <td bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> Personnel at the end of period </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 20,096 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 20,711 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,301 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 20,096 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 20,711 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,310 </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Jussi Pesonen, President and CEO, comments on the Q2 result&#58;</b></p> <p class="hugin">&quot;UPM's comparable EBIT continued on an increasing track in Q2 despite clearly higher maintenance activity during the quarter. Operating cash flow was solid at EUR 269 million and net debt decreased to EUR 1,046 million.</p> <p class="hugin">Market demand was good and delivery growth continued in most businesses during the quarter. As expected, the higher maintenance activity resulted in temporarily higher fixed costs and lower operational efficiency. Moderate cost inflation continued but was mitigated by our own cost reduction measures and targeted price increases. Overall business conditions were favourable resulting in good performance.</p> <p class="hugin">UPM Biorefining benefitted from higher pulp prices, strong pulp demand and improved operational performance in UPM Biofuels. Profitability improved despite the maintenance shutdown at the UPM Pietarsaari pulp mill. UPM Raflatac and UPM Plywood maintained strong profitability and continued to show solid sales growth. UPM Specialty Papers achieved an excellent result. Thanks to the new specialty paper machine at UPM Changshu we have been able to grow the release liner business and improve our product mix even faster than expected. </p> <p class="hugin">UPM Paper ENA achieved a satisfactory result in the quarter most impacted by seasonal factors. Demand decline in Europe remained moderate. UPM Energy suffered from poor hydrological availability and prolonged maintenance activity at Olkiluoto power plant in Finland. As a result, power generation was exceptionally low during the quarter.</p> <p class="hugin">The focused growth projects over the recent years have been highly successful and have contributed to our profits and returns well. During the second quarter we introduced two further focused investments&#58; the Kaukas pulp mill efficiency and competitiveness improvement in Lappeenranta and the UPM Raflatac specialty labels expansion in Tampere, both of which are in Finland. </p> <p class="hugin">When it comes to longer-term growth, the discussions continue with the Government of Uruguay concerning infrastructure development and other local prerequisites for a potential pulp mill investment.</p> <p class="hugin">2017 has started well for us. Five out of our six businesses improved their performance during the first half of the year. Our businesses are performing well, and our cash flow and balance sheet enable us to distribute attractive dividend and simultaneously invest in profitable growth. We look confidently into the future and our opportunities for creating value from bioeconomy.&quot;</p> <p class="hugin"><b class="hugin">Outlook for 2017</b></p> <p class="hugin">UPM's profitability improved significantly in 2016 and is expected to continue on a good level in 2017.</p> <p class="hugin">Demand growth is expected to continue for most of UPM's businesses, while demand decline is expected to continue for UPM Paper ENA. The focused growth projects continue to contribute gradually to UPM's performance.</p> <p class="hugin">Following a deflationary environment in recent years, 2017 is expected to show modest input cost inflation. UPM will continue measures to reduce fixed and variable costs to mitigate this.</p> <p class="hugin">Q3 2017 is expected to include significantly less maintenance activity than Q2 2017 in UPM Biorefining, UPM Paper ENA and UPM Energy.</p> <p class="hugin"><b class="hugin">Webcast and press conference</b></p> <p class="hugin">UPM's President and CEO Jussi Pesonen will present the financial results in a webcast and a conference call for analysts and investors, held in English language, today at 13&#58;15 EET.</p> <p class="hugin">Later in the afternoon, Jussi Pesonen will present the results in a press conference held in Finnish language at the UPM Group Head Office (The Biofore House) in Helsinki, Alvar Aallon katu 1, at 14&#58;30 EET.</p> <p class="hugin"><b class="hugin">Webcast and conference call details&#58;</b></p> <p class="hugin">The conference call can be participated in either by dialling a number in the list below or following the webcast online at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> or through <a class="hugin" href="https&#58;//upm.videosync.fi/2017-07-25-q2" target="_blank">this link.</a> </p> <p class="hugin">Only participants who wish to ask questions in the conference call need to dial in. All participants can view the webcast presentation online. We recommend that participants start dialling in 5-10 minutes prior to the event in order to ensure a timely start of the webcast.</p> <p class="hugin">The presentation is available at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> for 12 months after the call.</p> <p class="hugin">Conference call title&#58; <b class="hugin">UPM's Half Year Financial Report 2017</b></p> <p class="hugin"><b class="hugin">Direct telephone numbers&#58;</b></p> <p class="hugin">BE&#58; +3224040635<br class="hugin">DK&#58; +45 823 331 78<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">FI&#58; +358981710495<br class="hugin">UK&#58; +442031940552<br class="hugin">NO&#58; +4723500211<br class="hugin">SE&#58; +46856642702<br class="hugin">US&#58; +18557161597</p> <p class="hugin"><b class="hugin">International telephone numbers with a pin code 65321220#</b></p> <p class="hugin">AU&#58; +61 29253 5844<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">AT&#58; +43 19282 258<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">CH&#58; +44 44580 0083<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">CN&#58; +86 400 681 5421<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">DE&#58; +49 030 221 510 067<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">ES&#58; +34 911 143 608<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">FR&#58; +332 9092 0977<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">HK&#58; +852 3068 9834<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">IN&#58; 0018038524634<br class="hugin">IR&#58; +353 1696 8154<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">IT&#58; +39 2 3604 6798<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">JP&#58; +81 3 4455 9554<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">NL&#58; +31 20 716 8427<a class="hugin" href="#">&#160; &#160;</a><br class="hugin">SP&#58; +65 6307 7610<a class="hugin" href="#">&#160; &#160;</a></p> <p class="hugin">**</p> <p class="hugin">It should be noted that certain statements herein, which are not historical facts, including, without limitation, those regarding expectations for market growth and developments; expectations for growth and profitability; and statements preceded by &quot;believes&quot;, &quot;expects&quot;, &quot;anticipates&quot;, &quot;foresees&quot;, or similar expressions, are forward-looking statements. Since these statements are based on current plans, estimates and projections, they involve risks and uncertainties which may cause actual results to materially differ from those expressed in such forward-looking statements. Such factors include, but are not limited to&#58; (1) operating factors such as continued success of manufacturing activities and the achievement of efficiencies therein including the availability and cost of production inputs, continued success of product development, acceptance of new products or services by the Group's targeted customers, success of the existing and future collaboration arrangements, changes in business strategy or development plans or targets, changes in the degree of protection created by the Group's patents and other intellectual property rights, the availability of capital on acceptable terms; (2) industry conditions, such as strength of product demand, intensity of competition, prevailing and future global market prices for the Group's products and the pricing pressures thereto, financial condition of the customers and the competitors of the Group, the potential introduction of competing products and technologies by competitors; and (3) general economic conditions, such as rates of economic growth in the Group's principal geographic markets or fluctuations in exchange and interest rates. The main earnings sensitivities and the group's cost structure are presented on page 115 of the 2016 Annual Report. Risks and opportunities are discussed on pages 22-23 and risks and risk management are presented on pages 98-99 of the report.</p> <p class="hugin">**</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<a class="hugin" href="#">&#160; &#160;</a><br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="http&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> <p class="hugin"><b class="hugin">UPM</b> presents certain performance measures of performance, financial position and cash flows, which are alternative performance measures in accordance with the guidance issued by the European Securities and Markets Authority (ESMA). The definitions of alternative performance measures are presented in notes to the consolidated financial statements in UPM Annual Report.</p> <p><a href="http&#58;//hugin.info/165629/R/2122728/809472.pdf" target="_blank">UPM Half Year Financial Report 2017</a></p>GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Invitation to UPM's press conference and webcast on half year financial report 20172017-07-18T07:00:00Z<p class="hugin">(UPM, Helsinki, 18 July 2017 at 10&#58;00 EET) - UPM will publish its half year 2017 financial report on 25 July 2017 at 09&#58;30-10&#58;00 EET. The report will be available on the company's website at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> after publishing.</p> <p class="hugin">UPM's President and CEO <b class="hugin">Jussi Pesonen</b> will present the financial results in a webcast and a conference call for analysts and investors, held in English language, on 25 July 2017 at 13&#58;15 EET.</p> <p class="hugin">Later in the afternoon, Jussi Pesonen will present the results in a press conference held in Finnish language at the UPM Group Head Office (The Biofore House) in Helsinki, Alvar Aallon katu 1, at 14&#58;30 EET.</p> <p class="hugin"><b class="hugin">Webcast and conference call details&#58;</b></p> <p class="hugin">The conference call can be participated in either by dialling a number in the list below or following the webcast online at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> or through <a class="hugin" href="https&#58;//upm.videosync.fi/2017-07-25-q2" target="_blank">this link.</a> </p> <p class="hugin">Only participants who wish to ask questions in the conference call need to dial in. All participants can view the webcast presentation online. We recommend that participants start dialling in 5-10 minutes prior to the event in order to ensure a timely start of the webcast.</p> <p class="hugin">The presentation is available at <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a> for 12 months after the call.</p> <p class="hugin">Conference call title&#58; <b class="hugin">UPM's Half Year Financial Report 2017</b></p> <p class="hugin"><b class="hugin">Direct telephone numbers&#58;</b></p> <p class="hugin">BE&#58; +3224040635<br class="hugin">DK&#58; +45 823 331 78<br class="hugin">FI&#58; +358981710495<br class="hugin">UK&#58; +442031940552<br class="hugin">NO&#58; +4723500211<br class="hugin">SE&#58; +46856642702<br class="hugin">US&#58; +18557161597</p> <p class="hugin"><b class="hugin">International telephone numbers with a pin code 65321220#</b></p> <p class="hugin">AU&#58; +61 29253 5844<br class="hugin">AT&#58; +43 19282 258<br class="hugin">CH&#58; +44 44580 0083<br class="hugin">CN&#58; +86 400 681 5421<br class="hugin">DE&#58; +49 030 221 510 067<br class="hugin">ES&#58; +34 911 143 608<br class="hugin">FR&#58; +332 9092 0977<br class="hugin">HK&#58; +852 3068 9834<br class="hugin">IN&#58; 0018038524634<br class="hugin">IR&#58; +353 1696 8154<br class="hugin">IT&#58; +39 2 3604 6798<br class="hugin">JP&#58; +81 3 4455 9554<br class="hugin">NL&#58; +31 20 716 8427<br class="hugin">SP&#58; +65 6307 7610</p> <p class="hugin"><b class="hugin">For more information, please contact&#58;</b></p> <p class="hugin"><b class="hugin">UPM, Investor Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 20 415 0033<br class="hugin"><a class="hugin" href="mailto&#58;ir@upm.com" target="_blank">ir@upm.com</a></p> <p class="hugin"><b class="hugin">UPM, Media Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="http&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM launches an exclusive magazine paper for CSWO printing2017-07-13T08:00:03Z<p class="hugin">(UPM, Helsinki, 13 July 2017 at 11&#58;00 EET) - UPM, the world's leading paper manufacturer, has launched a new innovation, UPM Impresse plus C, a pioneering SC paper custom-developed for coldset web offset printing. UPM Impresse plus C offers a smoother, glossier finish and a unique, magazine-quality result that sets new benchmarks in CSWO printing.</p> <p class="hugin">The velvety finish and appealing texture enable superior-quality print reproduction characterised by intense colours and rich contrasts. This new innovation opens up a whole new range of business opportunities for CSWO printers, whilst also enabling more efficient utilization of press capacity.</p> <p class="hugin"><img alt="" class="hugin" height="85" id="Picture 3" src="https&#58;//hugin.info/165629/I/2120191/119747.jpg" width="128" /></p> <p class="hugin"><b class="hugin">Brighter, smoother and finer</b><br class="hugin">&quot;Customers with coldset presses told us they needed to make better use of their capacity and expand into new areas of commercial printing but they couldn't compete with the quality of heatset and rotogravure printers,&quot; explains <b class="hugin">Olli Juntunen</b>, Product Manager at UPM Jämsä River Mills in Finland. </p> <p class="hugin">&quot;We realized this called for a new, innovative product. Working closely with our customers, we devoted two years to extensive research and development until we were confident that UPM Impresse plus C met their exact requirements. The silky finish and smooth feel are exceptional.&quot;</p> <p class="hugin"><b class="hugin">Minimum resetting, maximum value</b><br class="hugin">For printers looking to stand out from the competition with commercial titles, inserts, value-added advertising and special-interest supplements, this revolutionary SC paper offers a cost-effective way of expanding their core business with minimum outlay.</p> <p class="hugin">UPM Impresse plus C is offered in three grammages&#58; 48 g/m², 51 g/m² and 54 g/m². Although special press settings are not strictly required for higher-quality results, UPM offers straightforward press/post-press recommendations for the best possible print quality.</p> <p class="hugin">For more on UPM Impresse plus C, please visit <a class="hugin" href="http&#58;//www.upmpaper.com/impresseplusc" target="_blank">www.upmpaper.com/impresseplusc</a>. Our sales experts are looking forward to your call.</p> <p class="hugin">For technical specifications, see our <a class="hugin" href="http&#58;//assets-upmpaper.upm.com/Shared%20Documents/downloads/UPM_Impresse_plus_C_EN.pdf" target="_blank">Fact Sheet</a>.</p> <p class="hugin">UPM Impresse Plus C is the latest world-class product launched by UPM this summer, following the <a class="hugin" href="http&#58;//www.upmpaper.com/whats-new/all-news/Pages/Faster%2c-smarter-paper-purchasing-with-UPM%27s-new-eOrder-service-001-Fri-30-Jun-2017-06-12.aspx" target="_blank">eOrder service</a> and ground-breaking <a class="hugin" href="http&#58;//www.upmpaper.com/whats-new/all-news/Pages/UPM-launches-a-new%2c-economical-solution-for-the-thin-print-market-001-Thu-22-Jun-2017-14-03.aspx" target="_blank">UPM EcoLite</a> paper.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Matthias Reh, Director, Product Portfolio, News &amp; Retail, UPM Paper ENA, <a class="hugin" href="mailto&#58;matthias.reh@upm.com" target="_blank">matthias.reh@upm.com</a>, <br class="hugin"> tel. +49 173 900 1475</p> <p class="hugin"><b class="hugin">UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. To learn more about UPM Paper ENA visit&#58; <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin">Follow UPM Paper ENA on <a class="hugin" href="https&#58;//www.twitter.com/UPM_Papers" target="_blank">Twitter</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.fi/" target="_blank">upmbiofore.com</a></p> <p><a href="http&#58;//hugin.info/165629/R/2120191/807663.jpg" target="_blank">Impresse plus C_brand pic_hires</a></p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Silvestica Green Forest Finland acquires 6,877 ha forestry land from UPM2017-07-05T11:00:00Z<p class="hugin">(UPM, Helsinki, 5 July 2017 at 14&#58;00 EET) - UPM has signed a contract to sell forest estates to Silvestica Green Forest Finland Oy. The contract covers 6,877 hectares of forestry land located in Kajaani, Sonkajärvi and Sotkamo in Finland. In addition, the parties have signed a separate long-term wood purchase and forest management agreement. Silvestica Green Forest Finland Oy is committed to certify the estates according to FSC<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">®</sup> and to join the UPM managed FSC group certificate (FSC C 109750). For the time being the estates are PEFC<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">TM</sup> certified. The parties have agreed not to disclose the purchase price.</p> <p class="hugin">Silvestica Green Forest Finland Oy is owned by a Swedish company Silvestica Green Forest AB, which is an investment fund for institutional investors founded in spring 2017 by SEB, the leading Nordic financial services group. Silvestica owned companies will invest in forest estates in Sweden, Finland and the Baltic countries. The forests will be managed by CRK Forest Management AB with CEO <b class="hugin">Rickard Lehmann</b> in charge of forest activities and reporting to investors.</p> <p class="hugin">&quot;The forests now acquired are very nice mostly high quality pine forests in their most productive age classes meaning a good value growth,&quot; says Rickard Lehmann, Chairman of the board, Silvestica Green Forest Finland Oy. &quot;We also have very good impression of UPMs management and we are confident that we can have a prosperous cooperation in the coming years.&quot;</p> <p class="hugin">&quot;This is Silvestica's first investment since we started our business in April 2017&quot;, says Lehmann. &quot;We are going to look for new prospects and hopefully be successful with our plans and strategy.&quot; </p> <p class="hugin">&quot;We are glad to have Silvestica Green Forest Finland Oy as our customer&quot;, says <b class="hugin">Sauli Brander</b>, Senior Vice President, UPM Wood Sourcing and Forestry. &quot;Silvestica Green Forest Finland Oy is an investor, who finds forest as a stable and responsible investment. They also value the long-term wood purchase and forest management agreement with UPM. For them the agreement ensures sustainable forestry practices and a steady income from wood sales.&quot;</p> <p class="hugin">UPM has regularly sold its forest assets as part of developing its real estate portfolio. At present, UPM owns approximately 640,000 hectares of forestry land in Finland.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Riitta Väisänen, Sales Manager, UPM, Wood Sourcing and Forestry, tel. +358 400 546&#160;690<br class="hugin">Rickard Lehmann, Chairman of the board, Silvestica Green Forest Finland Oy, tel. +46 705 44 81 00</p> <p class="hugin"><b class="hugin">UPM, Media Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="http&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Transfer of shares in the joint book-entry account to the company's own shares2017-07-03T06:30:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Changes in company's own shares&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3 July 2017 at 09&#58;30 EET</p> <p class="hugin"><b class="hugin">Transfer of shares in the joint book-entry account to the company's own shares</b></p> <p class="hugin">On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved on the forfeiture of shares entered in the company's joint book-entry account and of the rights attached to such shares. Shares with regard to which the registration of shareholder rights to the shareholder's book-entry account had been requested prior to the commencement of the Annual General Meeting, and which had been entered in the shareholder's book-entry account by 30 June 2017, were, however, not subject to the forfeiture of the rights.</p> <p class="hugin">All registration requests submitted prior to the commencement of the Annual General Meeting had been processed by 30 June 2017. Following this, the number of shares on the joint book-entry account was 180,916 and these shares have now been transferred to the company's own book-entry account.</p> <p class="hugin">Prior to the transfer, the company held 230,737 treasury shares. Following the transfer, the company holds 411,653 treasury shares, corresponding 0.08 per cent of the company's total number of registered shares. The Board of Directors may decide to retain, transfer or cancel the treasury shares. The total number of the company's registered shares is 533,735,699.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Reeta Niemisvirta, Group Legal Counsel, UPM, tel. +358 40&#160;359 2880</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="http&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Faster, smarter paper purchasing with UPM's new eOrder service2017-06-29T11:00:00Z<p class="hugin">(UPM, Helsinki, 29 June 2017 at 14&#58;00 EET) - UPM celebrates a digital milestone in 2017 with the launch of its new eOrder service, a groundbreaking online tool enabling speedy, transparent 24/7 order fulfilment through an intuitive, hassle-free digital interface.</p> <p class="hugin">The pioneering eOrder tool forms part of UPM's existing Customer Online (COL) portal, which already offers paper customers a variety of convenient services such as real-time order status tracking, access to account history, invoicing and inventories, product browsing, e-claims and sample requests.</p> <p class="hugin"><img alt="" class="hugin" height="417" id="Picture 3" src="https&#58;//hugin.info/165629/I/2116529/119329.png" width="626" /></p> <p class="hugin">With eOrder, real-time service now extends to the actual ordering process. The customer simply logs in, selects the product, the desired quantity and delivery date. The order is then submitted and processed automatically. The process is intuitive and easy to master, enabling customers to order paper online anytime and anywhere&#58; their delivery is now literally only a few clicks away.</p> <p class="hugin">The new tool marks a radical enhancement of the Customer Online (COL) portal as it takes UPM's digital services a significant step beyond just information-sharing.</p> <p class="hugin">&quot;The eOrder tool is more than just a convenient order channel. It is automatically aligned with our business processes and IT infrastructure, so we can give speedy confirmation of our delivery capabilities. We can guarantee our promise to the customer from the very moment the order is placed,&quot; explains <b class="hugin">Mark Hatfield</b>, Director of E-Business at UPM Paper ENA.</p> <p class="hugin">The official external rollout of eOrder began at the start of 2017 following a series of customer trials and fine-tuning last year. &quot;External implementation will be expanded in years to come based on our experiences this year,&quot; reveals Hatfield.</p> <p class="hugin">The initial feedback from customers has been encouraging. &quot;If you can use Amazon, you know how to place an order with eOrder, it's not more difficult. And you can see the delivery date right away; you don't have to wait for a confirmation,&quot; states <b class="hugin">Bastian Steinmetz</b> from Steinmetz Briefumschläge in Schenefeld, Germany.</p> <p class="hugin">The new eOrder service marks a natural continuation of UPM's benchmark-setting work as a digital pioneer. The palette of online services offered by UPM is unmatched by any other operator in the paper sector.</p> <p class="hugin">Although UPM will continue working to offer speedy, convenient online services - with a future focus on mobile apps - Hatfield hastens to add that personalized service will always remain part of the portfolio. &quot;We've always wanted to build alternative channels for our customers to work with us, but this doesn't mean that digital platforms will ever replace traditional face-to-face services,&quot; he concludes.</p> <p class="hugin">For further information, please visit <a class="hugin" href="http&#58;//www.upmpaper.com/col" target="_blank">www.upmpaper.com/col</a> </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Mark Hatfield, Director of E-Business, UPM Paper ENA, <a class="hugin" href="mailto&#58;mark.hatfield@upm.com" target="_blank">mark.hatfield@upm.com</a>, tel. +17732305309</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">Tel. +358 40 588 3284</p> <p class="hugin"><b class="hugin">UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. To learn more about UPM Paper ENA visit&#58; <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin">Follow UPM Paper ENA &#160;on <a class="hugin" href="https&#58;//www.twitter.com/UPM_Papers" target="_blank">Twitter</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.fi/" target="_blank">upmbiofore.com</a></p> <p><a href="http&#58;//hugin.info/165629/R/2116529/805486.png" target="_blank">eOrder press release picture</a></p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM tests Carinata sequential cropping concept as part of Biofuels future development2017-06-28T12:00:00Z<p class="hugin">(UPM, Helsinki, 28 June 2017 at 15&#58;00 EET) - UPM Biofuels is developing a new feedstock concept by growing Brassica Carinata as a sequential crop in South America. The Carinata crop produces non-edible oil suitable for biofuels' feedstock and protein for animal feed.</p> <p class="hugin">The sequential cropping concept enables contract farmers to take agricultural land into use outside the main cultivation period, in winter time, without compromising existing food production. This does not cause any land use change, prevents erosion and improves soil quality. Carinata will provide additional income to local farmers, who do not normally have their fields in productive use during winter. In South America UPM grows and tests Carinata with third-party farmers in Uruguay and Brazil.&#160; </p> <p class="hugin"><img alt="" class="hugin" height="400" id="Picture 2" src="https&#58;//hugin.info/165629/I/2116208/119250.jpg" width="600" /></p> <p class="hugin"><i class="hugin">Carinata field seeded in early May 2017 in Uruguay. </i></p> <p class="hugin">Carinata is an oilseed crop specially designed for sustainable production of biofuels. UPM has made a long term agreement with Canada-based Brassica Carinata crop developer Agrisoma Biosciences Inc. who utilise non-GMO technologies to improve crop varieties. </p> <p class="hugin">&quot;Sustainable land use is UPM's core competence. We are developing this sequential cropping concept with Carinata as it provides new feedstock solutions for low carbon biofuels without compromising existing food production,&quot; says <b class="hugin">Petri Kukkonen</b>, Head of UPM Biofuels Development. </p> <p class="hugin">Biofuels produced from Carinata oil reduce greenhouse gas emissions by over 70% compared to fossil fuels.&#160; </p> <p class="hugin">&quot;Exploring new feedstocks is part of UPM Biofuels' long term development. In addition to the Carinata concept, UPM studies waste and residue as well as wood-based feedstocks for biofuels,&quot; says Kukkonen. </p> <p class="hugin">The Carinata concept has no direct impact on the operations of UPM's Lappeenranta Biorefinery in Finland.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b> <br class="hugin">Petri Kukkonen, Vice President, Biofuels Development<br class="hugin">e-mail&#58; petri.kukkonen@upm.com&#160; <br class="hugin">tel. +358 40&#160;592 7440</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Biofuels</b><br class="hugin">UPM plans to become a major player in high quality, advanced biofuels for transport. Biofuels are an essential part of the Biofore strategy. The innovative wood-based biofuels developed by the company and their production technologies are part of a sustainable future. UPM's biofuels are frontrunners in quality, usability and sustainability. They will significantly decrease greenhouse gas and tailpipe emissions compared to fossil fuels. <a class="hugin" href="http&#58;//www.upmbiofuels.com" target="_blank">www.upmbiofuels.com</a></p> <p class="hugin">Follow UPM Biofuels on <a class="hugin" href="https&#58;//twitter.com/UPM_Biofuels" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPM-Biopolttoaineet-328642547332048/" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/playlist?list=PLJwXrjw5FtwHDcos7UjxvktVuYXNfMkWo" target="_blank">YouTube</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM launches a new, economical solution for the thin print market2017-06-22T11:00:00Z<p class="hugin" style="border-style&#58;none;">(UPM, Helsinki, 22 June 2017 at 14&#58;00 EET) - The Biofore company UPM has launched a new solution for the thin print market. The revolutionary paper, UPM EcoLite, has been specially designed to meet the needs of customers printing pharmaceutical leaflets and religious literature as well as user manuals and instructions. By choosing this new paper, UPM's customers will benefit from significant cost savings compared to a conventional paper solution.</p> <p class="hugin" style="border-style&#58;none;"><img alt="" class="hugin" height="255" id="Picture 2" src="https&#58;//hugin.info/165629/I/2115101/119071.jpg" width="453" /></p> <p class="hugin" style="border-style&#58;none;">&quot;The product is a result of extensive R&amp;D work at Kaipola mill in Finland. The name, UPM EcoLite, says it all&#58; In addition to being an ecological choice, it offers our customers an economical option without compromising on the reading experience or folding properties of the paper,&quot; stated <b class="hugin">Joonas Järvinen</b>, New Business Development Manager, News and Retail at UPM.</p> <p class="hugin" style="border-style&#58;none;">UPM EcoLite is available in 29, 32, 34 and 38 g/m<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">2</sup>. A lighter paper equals a smaller environmental footprint as it requires fewer raw materials, less water and less energy to produce and transport. </p> <p class="hugin" style="border-style&#58;none;">&quot;The development of lightweight papers is a perfect example of resource efficiency, which is one of the cornerstones of our sustainable operations. Our customers get the same printing area using less materials. At the same time, the environmental impacts of production and the supply chain as a whole decrease significantly,&quot; Järvinen added.</p> <p class="hugin" style="border-style&#58;none;">Over the past few years, UPM's performance and continuous work on corporate responsibility has been recognized by several international bodies. The company has been listed as the forest and paper industry leader in the Dow Jones Sustainability Europe Index (DJSI) for the fifth consecutive year. As of January 2016, UPM has been a member of UN Global Compact LEAD as the first forest industry company.</p> <p class="hugin" style="border-style&#58;none;">For further information on the new paper, please visit <a class="hugin" href="http&#58;//www.upmpaper.com/ecolite" target="_blank">www.upmpaper.com/ecolite</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">For further information, please contact&#58;</b><br class="hugin"> Joonas Järvinen, New Business Development Manager, UPM Paper ENA<br class="hugin"> Tel. +358 400 448 314, joonas.jarvinen@upm.com</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">UPM, Media Relations </b><br class="hugin"> Mon-Fri 9.00-16.00 EET<br class="hugin"> Tel. +358 40 588 3284</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as for home and office use. The high-performance papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With its headquarters in Germany, UPM Paper ENA employs approximately 8000 people. Find out more about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM</b><br class="hugin">Through its renewal of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are all recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin" style="border-style&#58;none;"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_Papers" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="http&#58;//upmbiofore.com" target="_blank">upmbiofore.com</a></p> <p><a href="http&#58;//hugin.info/165629/R/2115101/804765.jpg" target="_blank">EcoLite press release OMX</a></p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac introduces new security labelling solutions at SDW2017 in London 2017-06-21T08:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 21 June 2017 at 11&#58;00 EET) - UPM Raflatac's security labelling experts will be present at SDW (Security Document Word) on 26-28 June 2017. SDW showcases a vast array of secure document technologies, products and services from around the globe.</p> <p class="hugin">While companies worldwide lose the equivalent of hundreds of billions of euros each year to goods that are counterfeit, interfered with, or diverted in the supply chain, security labelling produces an efficient and versatile response to threats against brand image and consumer safety. </p> <p class="hugin">&quot;Security labelling not only authenticates products to consumers, but also protects the company's brand and reduces the risk of lost revenues and liability issues. We have developed unique solutions &#160;from ultra-destructible films to void and paper materials supporting various security labelling requirements. Now we will introduce our new <b class="hugin">Raflasec Security</b> range with long-term supply stability at SDW. We are also continuously developing new security labelling solutions with our customers and brand owners&quot; says <b class="hugin">Thomas Treichel</b>, Segment Manager, Security, Postal, UPM Raflatac.</p> <p class="hugin">UPM Raflatac's new Raflasec Security range includes&#58;</p> <p class="hugin"><b class="hugin">Raflasec Holo</b> <b class="hugin">Security</b>, a holographic material that can be combined with security cuts so that the label breaks when tampered with. </p> <p class="hugin"><b class="hugin">Raflasec Fibres</b>, a label material that contains both visible and invisible fibers to allow authentication under UV light. The material has a chemical sensitization feature, meaning it changes color if removal with chemicals is attempted. </p> <p class="hugin"><b class="hugin">Raflasec Seal</b>, a label material that tears easily and offers low investment costs with high printability and opacity. </p> <p class="hugin"><b class="hugin">Raflasec Chameleon,</b> an innovative material that changes color when removed and cannot be reapplied. </p> <p class="hugin">Our change management guarantee for Raflasec Security range promises a full 30-month window for any requalification requirements, with a two-year shelf life from the date of manufacture and six months' notice of any future change&quot;, explains Thomas Treichel. &quot;All the products in the range are fully backed up by our global supply chain, world-class expertise, and comprehensive customer support - bringing even greater peace of mind to security labeling.&quot;</p> <p class="hugin">UPM Raflatac welcomes visitors to <a class="hugin" href="http&#58;//www.sdwexpo.com/" target="_blank">SDW at QEII Centre Stand No G27</a><br class="hugin">Read more about <a class="hugin" href="http&#58;//www.upmraflatac.com/emea/en/solutions-and-services/labeling-solutions/brand-protection-and-security" target="_blank">our solutions for brand protection and security&gt;&gt;</a> </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Thomas Treichel, Segment Manager, Security, Postal, UPM Raflatac, tel. +49 21195799171</p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is one of the world's leading producers of self-adhesive label materials. We supply high-quality paper and film label stock for consumer product and industrial labelling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion) in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM highlights societal impacts in its EMAS reporting 2017-06-20T12:00:00Z<p class="hugin">(UPM, Helsinki, 20 June 2017 at 15&#58;00 EET) - UPM has taken the first steps to renew its reporting under The European Eco-Management and Audit Scheme (EMAS). Four of the company's mills have this year completed their EMAS Environmental Performance reports with locally relevant information on societal aspects and impacts. The mills are UPM Changshu paper mill in China, UPM Nordland paper mill in Germany, UPM Kaukas paper and pulp mills in Finland and UPM Fray Bentos pulp mill in Uruguay. The company will decide on its future EMAS reporting approach based on the feedback gained from its various internal and external stakeholders and the EMAS organisation.</p> <p class="hugin">&quot;We see ourselves as an integral part of the local communities. Being transparent with the environmental information and the impacts of our operations is very important, but we also want to share the societal aspects and impacts with our stakeholders&quot;, says <b class="hugin">Gabriele Wende</b>, Director, Reporting and product stewardship, UPM. </p> <p class="hugin">&quot;UPM has integrated&#160;responsibility data in its Annual Report already for the last 10 years. While the Annual Report is a great source of corporate-wide information, the detailed local report gives a new dimension to our local value creation&quot;, Wende continues. </p> <p class="hugin">&quot;By EMAS registration an organisation shows both its willingness and capability to commit to environmental responsibility&quot;, says <b class="hugin">Merja Saarnilehto</b>, Ministerial Adviser, Finnish Ministry of the Environment. &quot;Combining the environmental data with information about locally relevant societal aspects and impacts gives the local stakeholders even a wider overview of company's obligations and commitments. It also points out concrete measures the company has taken to reach them. In this, UPM leads by a good example&quot;, Saarnilehto continues.</p> <p class="hugin">&quot;Transparent reporting is one of the key elements fostering the added value of EMAS for companies, authorities and citizens. The commitment of UPM to transparently report on its environmental performance &#160;for over the last 20 years confirms the company's commitment to conducting an open dialogue with local stakeholders at its EMAS registered sites all over the world,&quot; says <b class="hugin">Hugo-Maria Schally,</b> Head of Unit 'Sustainable Production, Products &amp; Consumption' at DG Environment, European Commission.</p> <p class="hugin">&quot;Completing EMAS reporting with societal aspects and impacts is an interesting step to deepen this dialogue. The Commission follows with interest this evolution and its interaction with EMAS reporting&quot;, Schally concludes.</p> <p class="hugin">UPM pulp and paper mills registered in EMAS soon after the scheme was established in 1995, and has been persistent with registration since. In 2012 and 2013, UPM extended its Corporate EMAS registration to its mills outside Europe, to UPM Fray Bentos pulp mill in Uruguay and to UPM Changshu paper mill in China. </p> <p class="hugin">The rest of the paper and pulp mill specific EMAS reports and the corporate environmental statement will be published in the near future <a class="hugin" href="http&#58;//www.upm.com/Responsibility/fundamentals/Reporting/Pages/default.aspx" target="_blank">on UPM website</a>. The final registration is complete only when the Corporate EMAS registration 2016 has been approved. </p> <p class="hugin">Read more on UPM's socio-economic impacts at local level in an article on <a class="hugin" href="https&#58;//www.upmbiofore.com/upm/social-responsibility-integrated-in-local-environmental-reporting/" target="_blank">upmbiofore.com</a>. </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Gabriele Wende, UPM, Director, Reporting and product stewardship, tel. +49&#160;175 1500 705.</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company- <a class="hugin" href="http&#58;//www.upm.com/" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Ecofys study on Crude Tall Oil markets and availability: sufficient supply for advanced biofuels, biomaterials and energy usage2017-06-20T10:00:00Z<p class="hugin">(UPM, Helsinki, 20 June 2017 at 13&#58;00 EET) - UPM Biofuels commissioned a study from leading international energy and climate consultancy Ecofys - A Navigant Company, entitled &quot;<b class="hugin">Crude tall oil low ILUC risk assessment&#58; comparing global supply and demand&quot;.</b> The study looked into crude tall oil (CTO) availability, current usage, whether the feedstock creates an additional demand for land, and whether the use of CTO in advanced biofuels can cause distortive effects in the markets.</p> <p class="hugin">The recently conducted Ecofys study concludes that &quot;the <i class="hugin">CTO market is not overly tight and potential surplus of about 850,000 tonnes of CTO is still available that could be tapped into&quot;</i>. The total potential CTO supply is around 2.6 million tonnes. Current actual CTO demand is approximately 1.75 million tonnes, of which about 1.4 million tonnes is used by distillers and roughly 230,000 tonnes for biofuels. Ecofys also concludes that <i class="hugin">&quot;CTO use for biofuels did not cause displacement effects elsewhere, and hence CTO, a non-land using process residue, is a low ILUC (Indirect Land Use Change) risk material.&quot;</i></p> <p class="hugin"><img alt="" class="hugin" height="418" id="Picture 1" src="https&#58;//hugin.info/165629/I/2114413/118994.jpg" width="627" /></p> <p class="hugin">UPM considered it necessary to investigate the impact of UPM Biofuels' market entry, and to verify whether UPM BioVerno production may have impacted negatively on the CTO market. The study brings necessary information into the debate concerning raw material availability for various end-uses such as advanced biofuels and biomaterials.</p> <p class="hugin">Current debate relating to the EU's Renewable Energy Directive puts raw material availability of feedstock into focus as most materials tend to have alternative usage. &quot;It is important to UPM that we can showcase that our entry into the markets has had limited impacts on the overall market, while it has enabled UPM to become the key producer of wood-based biofuels and products for the biochemical industry. We believe there is tremendous innovation potential in advanced biofuels,&quot; says <b class="hugin">Marko Janhunen</b>, Vice President, Stakeholder Relations from UPM Biorefining. </p> <p class="hugin"><img alt="" class="hugin" height="400" id="Picture 2" src="https&#58;//hugin.info/165629/I/2114413/118995.jpg" width="600" /></p> <p class="hugin">This research was a follow-up to an earlier study from 2013 that looked into the same issues but this was before UPM began production of renewable diesel from CTO. In 2013, the study concluded that <i class="hugin">&quot;sufficient quantities of CTO are available for biodiesel production without the risk to cause Indirect Land Use Change and that CTO should be regarded as residue&quot;. </i>The new Ecofys study proved that the assumptions made in the earlier report were correct and UPM has created a new value chain parallel to existing ones.</p> <p class="hugin">&quot;UPM entered the advanced biofuels business in 2015 and became the world's first producer of renewable diesel on a commercial scale from wood by tapping into our own pulp mill residue, Crude Tall Oil. Our entry has been a success, and we continue to investigate new technologies and feedstock,&quot; Janhunen concludes. </p> <p class="hugin">UPM Biofuels is the only biofuel producer that has, in addition to national certification, received both RSB (Roundtable on Sustainable Biomaterials) and ISCC (International Sustainability and Carbon Certification) certifications. This is very strong proof of the sustainability of all UPM Biofuels operations.</p> <p class="hugin"><b class="hugin">Link to study</b>&#58; <a class="hugin" href="http&#58;//www.upmbiofuels.com/whats-new/other-publications/Documents/Publications/ecofys-crude-tall-oil-low-iluc-risk-assessment-report.pdf" target="_blank">Ecofys - Crude tall oil low ILUC risk assessment report</a></p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b> <br class="hugin"><b class="hugin">Marko Janhunen</b>, Vice President, Stakeholder Relations, UPM Biorefining, tel. +358 50&#160;590 0047, <a class="hugin" href="mailto&#58;marko.janhunen@upm.com" target="_blank">marko.janhunen@upm.com</a></p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Biofuels</b><br class="hugin">UPM plans to become a major player in high quality, advanced biofuels for transport. Biofuels are an essential part of the Biofore strategy. The innovative wood-based biofuels developed by the company and their production technologies are part of a sustainable future. UPM's biofuels are frontrunners in quality, usability and sustainability. They will significantly decrease greenhouse gas and tailpipe emissions compared to fossil fuels. <a class="hugin" href="http&#58;//www.upmbiofuels.com" target="_blank">www.upmbiofuels.com</a></p> <p class="hugin">Follow UPM Biofuels on <a class="hugin" href="https&#58;//twitter.com/UPM_Biofuels" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPM-Biopolttoaineet-328642547332048/" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/playlist?list=PLJwXrjw5FtwHDcos7UjxvktVuYXNfMkWo" target="_blank">YouTube</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM continues developing Pulp Business by investing in efficiency and competitiveness of the Kaukas pulp mill 2017-06-20T06:30:00Z<p class="hugin">(UPM, Helsinki, 20 June 2017 at 09&#58;30 EET) - UPM will further improve the efficiency and competitiveness of the Kaukas pulp mill in Lappeenranta, Finland, by upgrading the mill's production process with a EUR 30 million investment. The upgrade will be targeted in the mill's fibre lines, recovery boiler, evaporation, bailing and wood handling. Erection of the main equipment and start-up are scheduled for the spring of 2018.</p> <p class="hugin">&quot;Last year at the Kaukas mill we successfully completed a EUR 50 million investment, where we renewed both the pulp drying machines. Now that we have met targets with drying, we can improve the production efficiency with these targeted upgrades,&quot; says <b class="hugin">Sami Saarela</b>, Vice President, Finland Operations, UPM Pulp.</p> <p class="hugin">After this new project, annual production capacity of the Kaukas mill will increase by 30,000 tonnes from the current 740,000 to 770,000 tonnes of softwood and birch pulp in 2019. The majority of its production is softwood. The Kaukas softwood pulp, UPM Conifer Reinforcement, is known in the market as a strong reinforcement pulp suitable for end-uses requiring good strength properties.</p> <p class="hugin">&quot;Demand for pulp continues to grow especially in paper grades that are used in consumer goods. Examples of such grades are tissue, label papers and board. In previous years we have replied to growing demand with similar targeted investments in all of our pulp mills and thus cost-efficiently increased our annual pulp production capacity altogether by more than 500,000 tonnes since 2013,&quot; says Saarela.</p> <p class="hugin">UPM's biggest ongoing pulp investment today is the EUR 98 million production expansion at the Kymi pulp mill in Kuusankoski, Finland. Started in 2016, this project comprises&#160;upgrades in wood handling, the birch fibre line, recovery island and effluent treatment. New machinery will be connected to the process during the next pulp mill shut-down planned for the autumn of 2017. After completion, annual pulp production of Kymi will reach 870,000 tonnes of softwood and birch pulp by the end of the year.</p> <p class="hugin">During the past few years UPM Pulp has established a strong position on the pulp market and developed a versatile and attractive pulp portfolio with an appealing service offering. UPM's competitive and modern mills are in excellent shape and provide a perfect platform for further growth in cooperation with customers.</p> <p class="hugin"><b class="hugin">For more information, please contact&#58;</b><br class="hugin">Sami Saarela, Vice President, Finland Operations, UPM Pulp, tel. +358 50&#160;360 6502<br class="hugin">Teuvo Solismaa, General Manager, UPM Kaukas, tel. +358 40 7411 380</p> <p class="hugin"><b class="hugin">Invitation to a press conference today in Lappeenranta&#58; </b><br class="hugin"><b class="hugin">UPM welcomes the press to see the most recently completed upgrades at the pulp mill together with the world record breaking drying machine and to hear all about the latest plans.</b></p> <p class="hugin">UPM will hold a press conference today at the Kaukas pulp mill in Lappeenranta, Finland.<br class="hugin">Address Kaukaantie 16, Lappeenranta, at 11&#58;00 EET. Meeting point Meesaportti, see map here <a class="hugin" href="http&#58;//pet.upm.com/l/WJgRrHZNxmSZ" target="_blank">&gt;&gt;&gt;</a>. The event will be hosted by <b class="hugin">Sami Saarela </b>and <b class="hugin">Teuvo Solismaa, </b>General Manager of UPM Kaukas. <br class="hugin">Contact&#58; <b class="hugin">Katja Tiikasalo</b>, Manager, Stakeholder Relations, UPM Kaukas, tel. +358 50&#160;490 5421.</p> <p class="hugin">Photos from UPM Kaukas&#58; <a class="hugin" href="http&#58;//pet.upm.com/l/WJgRrHZNxmSZ" target="_blank">http&#58;//pet.upm.com/l/WJgRrHZNxmSZ</a></p> <p class="hugin"><b class="hugin">UPM, Media Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Kaukas </b><br class="hugin">UPM Kaukas is an integrated modern mill producing sawn timber, softwood and hardwood pulp, coated magazine paper, renewable diesel and energy. With the R&amp;D centre on site, UPM employs around 1,000 employees in Lappeenranta, Finland. The Kaukas pulp mill employs 260 people and produces bleached softwood and birch pulp with an annual capacity of 740,000 tonnes.</p> <p class="hugin"><b class="hugin">UPM Pulp </b><br class="hugin">UPM is one of the world's leading producers of northern softwood, birch and eucalyptus pulp. We supply global customers in end use segments such as tissue, specialty, and packaging as well as printing and writing papers, and board, through our own sales and technical service network close to customers. UPM Pulp operates four modern pulp mills, three in Finland and one in Uruguay, as well as eucalyptus plantations in Uruguay. UPM Pulp employs approximately 1,500 people. The annual pulp production capacity is 3.6 million tonnes. Pulp Business is part of the UPM Biorefining Business Area. <a class="hugin" href="http&#58;//www.upmpulp.com" target="_blank">www.upmpulp.com</a> </p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="http&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac launches new peel and reseal products for food labeling2017-06-16T07:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 16 June 2017 at 10&#58;00 EET) - UPM Raflatac has widened its food labeling product range with two new peel and reseal label materials for the European market. PEEL-RSEAL PP WHITE FTC 60 and PEEL-RSEAL PP CLEAR FTC 50 are ideal solutions for more demanding re-closure labeling applications where the packaging will be opened and closed multiple times.</p> <p class="hugin">Open-close labels make packaging more user friendly and high-performance reclosing is essential for food packaging to ensure that food stays fresh. Both these new top-coated PP film face materials are compliant with food safe regulations. They are best paired with RC512, a new UV acrylic adhesive specifically designed for open-close labels for food applications.</p> <p class="hugin">&quot;These two new peel and reseal film products provide excellent open-close functionality for food applications,&quot; says Jouni Iiskola, Segment Manager, Food, UPM Raflatac. &quot;The new RC512 adhesive ensures that labels can be opened and closed multiple times while still sticking well and looking good - giving end users a positive experience and enhancing the brand image at the same time.&quot;</p> <p class="hugin"><a class="hugin" href="http&#58;//www.upmraflatac.com/emea/en/solutions-and-services/labeling-solutions/food/ambient" target="_blank">Learn more about our materials for food labeling applications.</a></p> <p class="hugin">A high-resolution photo can be downloaded from the <a class="hugin" href="http&#58;//pet.upm.com/l/j9TCbBKvf7Fj" target="_blank">UPM image bank »</a></p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Jouni Iiskola, Segment Manager, Food, UPM Raflatac, tel. +358 204 168 193</p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is one of the world's leading producers of self-adhesive label materials. We supply high-quality paper and film label stock for consumer product and industrial&#160;labelling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion)&#160;in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="/" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Make the right adhesive choice for any end-use with UPM Raflatac's new adhesives book2017-06-08T14:00:00Z<p class="hugin">(UPM Raflatac, Mills River, NC, USA, June 8, 2017 at 17&#58;00 EET) - UPM Raflatac announces the release of their informative new adhesives book that will help current and prospective customers find the perfect adhesive for any end-use. <a class="hugin" href="http&#58;//go.upmraflatac.com/adhesivebook" target="_blank">&quot;UPM Raflatac Label Stock Adhesives&quot;</a> provides an educational experience about a multitude of end-uses, ranging from food and beverage, to retail and pharmaceutical solutions. No matter the application, UPM Raflatac has got you covered.</p> <p class="hugin">This publication not only presents the company's fully updated adhesives range, but also serves as a useful tool to help customers find their ideal solution based on specific applications, substrates and temperature. For those new to the industry, the book is a helpful primer on the basic science behind labels. </p> <p class="hugin">&quot;All UPM Raflatac adhesives have been engineered and produced as environmentally friendly as possible, without compromising performance,&quot; says <b class="hugin">Kirit Naik</b>, PhD, MBA, UPM Raflatac's R&amp;D Director, Americas. &quot;Our new 'UPM Raflatac Label Stock Adhesives' book will be a valuable tool for any customer looking for the ideal labeling solution for their products.&quot;</p> <p class="hugin">&quot;UPM Raflatac Label Stock Adhesives&quot; is available for download on UPM Raflatac's website now by <a class="hugin" href="http&#58;//go.upmraflatac.com/adhesivebook" target="_blank">clicking here</a>. Spanish and Portuguese language versions will be released in the coming months.</p> <p class="hugin">High-res photos can be downloaded at » <a class="hugin" href="http&#58;//pet.upm.com/l/X-D6cjfLFXjX" target="_blank">http&#58;//pet.upm.com/l/X-D6cjfLFXjX</a></p> <p class="hugin"><b class="hugin">For further information about the book and UPM Raflatac's adhesive portfolio, please contact&#58;</b><br class="hugin">Kirit Naik, PhD, MBA, Director, R&amp;D, Americas, UPM Raflatac, tel. +1-828-335-6984, <a class="hugin" href="mailto&#58;kirit.naik@upmraflatac.com" target="_blank">kirit.naik@upmraflatac.com</a> </p> <p class="hugin"><b class="hugin">To order your hard copy of &quot;UPM Raflatac Label Stock Adhesives,&quot; please contact&#58;</b><br class="hugin">Ashley Pepperell, Specialist, Marketing Communications, Americas, UPM Raflatac, tel. +1-828-699-8055, <a class="hugin" href="mailto&#58;ashley.pepperell@upmraflatac.com" target="_blank">ashley.pepperell@upmraflatac.com</a> </p> <p class="hugin"><b class="hugin">About UPM Raflatac</b><br class="hugin">UPM Raflatac is one of the world's leading producers of self-adhesive label materials. We supply high-quality paper and film label stock for consumer product and industrial labeling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of USD 1.5 billion (EUR 1.4 billion) in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>. </p> <p class="hugin">Follow us on <a class="hugin" href="https&#58;//twitter.com/upmraflatacam" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac" target="_blank">Instagram</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Urban transport cleans up its act - HSL and Stara shift to renewable fuels only2017-06-06T06:07:00Z<p class="hugin">&#160;(UPM, Helsinki, 6 June 2017 at 09&#58;00 EET) - Buses in the Helsinki region and most of machinery and trucks used by the City of Helsinki are switching to waste and residue-based biofuels. Helsinki Region Transport HSL, the City of Helsinki and the producers of renewable fuels involved in the project are all pioneers in carbon-neutral transport. The project is internationally significant. </p> <p class="hugin">Commercial vehicles operated by the City of Helsinki and bus services commissioned by HSL will fully switch to renewable fuels by 2020. This is a pioneering project in global terms. </p> <p class="hugin">The construction services company, Stara, which operates most of the city's vehicles, will be involved from the City of Helsinki's side.</p> <p class="hugin">&#160;&quot;Switching to biofuels will markedly reduce carbon dioxide and local particulate and nitrogen oxide emissions. This will have a particularly clear impact on air quality in the center of Helsinki,&quot; says Unit Director <b class="hugin">Sami Aherva</b>, of Stara. </p> <p class="hugin">&#160;&quot;Sustainably produced biofuels are playing a major role in reaching the emission targets of Helsinki Region Transport. The BioSata project could accelerate the transition from fossil fuels,&quot; says <b class="hugin">Reijo Mäkinen</b>, Project Director at HSL.</p> <p class="hugin"><img alt="" class="hugin" height="400" id="Picture 1" src="https&#58;//hugin.info/165629/I/2110596/118434.jpg" width="600" /></p> <p class="hugin">The participation of key players in the BioSata project enable a rapid transition to biofuels. HSL, Stara, UPM, Neste, Teboil, St1, the Ministry for Economic Affairs and Employment, the Finnish Petroleum and Biofuels Association and the Technical Research Centre of Finland VTT are jointly seeking the most extensive possible use of biofuels. The project is part of the Helsinki region's Smart &amp; Clean project, which aims to achieve the most attractive zero-emission mobility in the world.</p> <p class="hugin">The advantage of high-quality liquid biofuels lies in the fact that neither new vehicles nor a new distribution infrastructure are required. Local emissions can be reduced through the targeted use of biofuels. Particulate emissions can be reduced by up to a third, by using renewable diesel in older vehicles and machinery. At best, biofuels reduce greenhouse gas emissions caused by the production and use of fuel by 80-90 per cent compared to fossil fuels.</p> <p class="hugin">&#160;&quot;Taking into account the number and types of vehicles involved, such as buses, trucks and construction machinery, BioSata is Europe's largest coordinated advanced biofuels project. The project will also involve follow-up measurements. These measurements will cover issues such as fuel performance, impacts on local emissions and energy efficiency, and maintenance needs,&quot; says Research Professor <b class="hugin">Nils-Olof Nylund </b>of VTT, who is in charge of coordinating the project.</p> <p class="hugin">Vehicles serving on HSL's routes in the Helsinki region include around 1,400 buses, which consume about 40,000 tons of fuel each year. Stara's own vehicle fleet uses around 2,000 tons of fuel a year. About 500,000 tons of biofuel are produced in Finland on an annual basis.</p> <p class="hugin">The national energy and climate strategy requires that Finland raise the share of biofuels to 30 per cent of all fuels by 2030. Finland is a leading country in the use and development of advanced biofuels based waste and residues.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </p> <p class="hugin">Additional information&#58; </p> <p class="hugin">Reijo Mäkinen, Project Director, HSL,reijo.makinen@hsl.fi, +358 40 595 0201<br class="hugin">Sami Aherva, Unit Director, Stara, sami.aherva@hel.fi, +358 50 559 1929 <br class="hugin">Nils-Olof Nylund, Research Professor, VTT, nils-olof.nylund@vtt.fi, +358 400 703&#160;715<br class="hugin">Sari Mannonen, Vice President, UPM Biofuels, <a class="hugin" href="mailto&#58;sari.mannonen@upm.com" target="_blank">sari.mannonen@upm.com</a>, +358 45&#160;265 1345</p> <p class="hugin"><b class="hugin">HSL</b> Helsinki Region Transport is responsible for the planning and procurement of Helsinki region public transport and for drawing up the Helsinki Region Transport System Plan. The joint local authority has 360 employees, and its annual turnover is about EUR 600 million. Some 360 million journeys are made on HSL's transport services annually; this accounts for about 63% of all public transport journeys in Finland. <br class="hugin">Stara is the construction services company of the City of Helsinki, a versatile expert in the fields of construction, environmental management and logistics. It takes care of the cleanliness, functionality and verdancy of Helsinki. About 70% of the parks and streets in Helsinki are maintained by Stara.&#160; It has nearly 1,500 employees and an annual turnover of some 200 million euros. www.hel.fi/stara</p> <p class="hugin"><b class="hugin">The Technical Research Centre of Finland VTT Ltd</b> is the leading research and technology company in the Nordic countries. We use our research and knowledge to provide expert services for our domestic and international customers and partners, businesses and the public transport. We use 4 million hours of brainpower a year to develop new technological solutions. <a class="hugin" href="http&#58;//www.vtt.fi" target="_blank">www.vtt.fi</a></p> <p class="hugin"><b class="hugin">UPM Biofuels</b><br class="hugin">UPM plans to become a major player in high quality, advanced biofuels for transport. Biofuels are an essential part of the Biofore strategy. The innovative wood-based biofuels developed by the company and their production technologies are part of a sustainable future. UPM's biofuels are frontrunners in quality, usability and sustainability. They will significantly decrease greenhouse gas emissions compared to fossil fuels. <a class="hugin" href="http&#58;//www.upmbiofuels.com" target="_blank">www.upmbiofuels.com</a></p> <p class="hugin">Follow UPM Biofuels on <a class="hugin" href="https&#58;//twitter.com/UPM_Biofuels" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPM-Biopolttoaineet-328642547332048/" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/playlist?list=PLJwXrjw5FtwHDcos7UjxvktVuYXNfMkWo" target="_blank">YouTube</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM launches new Raflasec security labeling product range with guaranteed supply stability2017-06-05T12:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 5 June 2017 at 15&#58;00 EET) - UPM Raflatac has launched four new products for security labeling to the European market, all of which guarantee long-term supply stability. The new <b class="hugin">Raflasec range</b> of innovative security labeling materials promises a full 30-month window for any requalification requirements, with a two-year shelf life from the date of manufacture and six months' notice of any future change.</p> <p class="hugin">The four new materials have varying security, anti-counterfeiting, and tamper-proof features. <b class="hugin">Raflasec Holo Security</b> is an eye-catching holographic material that can be combined with security cuts so that the label breaks when tampered with. The material's attractive appearance makes it an ideal choice for luxury packaging applications. <b class="hugin">Raflasec Fibres</b> contains both visible and invisible fibers to allow authentication under UV light. This material has a chemical sensitization feature, meaning it changes color if removal with chemicals is attempted, while its low internal strength ensures that the label tears easily if someone tries to peel it off. <b class="hugin">Raflasec Seal</b> also tears easily and offers low investment costs, high opacity, and high printability. <b class="hugin">Raflasec Chameleon</b> is a unique purple-green color-shifting material that is impossible to copy. Its color changes when removed and it cannot be reapplied, while its dry-peel feature ensures that no adhesive residue is left behind.</p> <p class="hugin">Raflasec Holo Security and Raflasec Chameleon are both available in smaller order quantities from UPM Raflatac's <b class="hugin">Small Roll Service</b>, which provides pressure-sensitive labeling materials to help customers enter new markets or expand business opportunities with smaller stock quantities.</p> <p class="hugin">&quot;Our change management guarantee for products in the new Raflasec range ensures supply stability for manufacturers and reduces the need for requalification,&quot; explains <b class="hugin">Thomas Treichel</b>, Segment Manager, Security, Postal, UPM Raflatac. &quot;All products in the range are fully backed up by our global supply chain, world-class expertise, and comprehensive customer support - bringing even greater peace of mind to security labeling.&quot;</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Thomas Treichel, Segment Manager, Security, Postal, UPM Raflatac, tel. <b class="hugin">+</b>49 211 957 99&#160;171</p> <p class="hugin">High resolution image can be downloaded at <a class="hugin" href="http&#58;//pet.upm.com/l/qWH-pb5gQqr5" target="_blank">UPM Image bank</a>.</p> <p class="hugin"><a class="hugin" href="http&#58;//www.upmraflatac.com/emea/en/solutions-and-services/labeling-solutions/brand-protection-and-security/Pages/default.aspx" target="_blank">Learn more about our security and anti-counterfeiting labeling materials for safety labels and tamper-evident seals</a></p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is one of the world's leading producers of self-adhesive label materials.&#160;<br class="hugin"> We supply high-quality paper and film label stock for consumer product and industrial&#160;<br class="hugin"> labelling through a global network of factories, distribution terminals and sales offices.&#160;<br class="hugin"> We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion)&#160;in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="/" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> <p><a href="http&#58;//hugin.info/165629/R/2109506/802097.pdf" target="_blank">UPM_Raflatac_Raflasec_EMEIA_Press_Release_FRE</a></p><p><a href="http&#58;//hugin.info/165629/R/2109506/802098.pdf" target="_blank">UPM_Raflatac_Raflasec_EMEIA_Press_Release_GER</a></p><p><a href="http&#58;//hugin.info/165629/R/2109506/802099.pdf" target="_blank">UPM_Raflatac_Raflasec_EMEIA_Press_Release_ITA</a></p><p><a href="http&#58;//hugin.info/165629/R/2109506/802100.pdf" target="_blank">UPM_Raflatac_Raflasec_EMEIA_Press_Release_POL</a></p><p><a href="http&#58;//hugin.info/165629/R/2109506/802101.pdf" target="_blank">UPM_Raflatac_Raflasec_EMEIA_Press_Release_RUS</a></p><p><a href="http&#58;//hugin.info/165629/R/2109506/802102.pdf" target="_blank">UPM_Raflatac_Raflasec_EMEIA_Press_Release_SPA</a></p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM showcases new bioinnovations during the Bio Era Tour 2017-06-05T11:00:00Z<p>(UPM, Helsinki, 5 June 2017 at 12 EET)&#160; - The Bio Era Tour, introducing bioeconomy and its possibilities and innovations, is launched today on the International Environment Day in Helsinki, Finland. In the core of the tour is the Bio Era Truck exhibition, where visitors can learn of the latest innovations made of renewable raw materials in an interactive manner and get to innovate also themselves. UPM is a partner in the tour as part of its Biofore Share and Care programme where one focus area is boosting bioinnovations. </p><p>As the project partner UPM wants to highlight the industry's new innovations, versatile operations in the circular economy and meet young people around Finland. UPM's expertise in renewable and recyclable materials, low-emission energy and resource efficiency is the key to developing new, sustainable businesses. </p><p>There are several UPM's innovations on display in the Bio Era Truck exhibition, such as wood-based renewable UPM BioVerno diesel, thermoformable UPM Grada wood material, GrowDex hydrogel as well as UPM ProFi&#160; and UPM Formi biocomposites.</p><p>The Bio Era Tour is a forest sector's gift to Finland celebrating its 100 years of independence and its youth. The tour will stop in 100 locations around Finland first in the summer events and in schools in the autumn. </p><p>The Bio Era Truck will visit several major Finnish summer events. The truck will also have pit stops in the following UPM mill locations&#58;</p><p>9 June Kouvola (Kuusankoski)<br>24 July Rauma<br>4 August Valkeakoski (Tervasaari)<br>10 August Lappeenranta<br>11 August Jyväskylä (Säynätsalo)</p><p>The project is targeted mainly to the young people. Throughout the autumn, the Bio Era Truck will be touring Finnish schools and educational institutes. In the evenings and at weekends, the Bio Era Truck will be open to the public. The tour ends in Finland's Independence Week in December 2017.</p><p>The Bio Era Truck is part of UPM's Biofore Share and Care programme. The programme focuses on projects that are relevant to both UPM's business and responsibility goals. The focus areas are&#58; Reading &amp; Learning, Engaging with communities, Responsible water use and Boosting bioinnovations.&#160;</p><p>The Bio Era Truck is produced by the Science Center Pilke of Metsähallitus and the Science Center Tietomaa. The main sponsors are the Finnish Forest Foundation and the Metsämiesten Säätiö Foundation.&#160;</p><p><strong>Event information<br></strong>Monday and Tuesday 5-6 June 2017 at 10&#58;00-20&#58;00 Helsinki Rautatientori</p><p><strong>For further information please contact&#58;<br></strong>Sini Paloheimo, Communications Manager, tel. +358 (0)2041 50025, <a href="mailto&#58;sini.paloheimo@upm.com"><span style="text-decoration&#58;underline;">sini.paloheimo@upm.</span><span lang="FR" style="text-decoration&#58;underline;">com</span></a></p><p><strong>UPM, Media Relations <br></strong>9.00-16.00 EET<br>tel. +358 40 588 3284 <br><a href="mailto&#58;media@upm.com"><span lang="EN-GB" style="text-decoration&#58;underline;">media@upm.com</span></a></p><p>Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper ENA (Europe and North America) and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 20,000 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a href="/"><span lang="EN-GB" style="text-decoration&#58;underline;">www.upm.com</span></a>&#160;</p><p>Follow UPM on <a href="https&#58;//twitter.com/UPM_News"><span lang="EN-GB" style="text-decoration&#58;underline;">Twitter</span></a> <strong>|</strong> <a href="https&#58;//www.linkedin.com/company/upm-kymmene"><span lang="EN-GB" style="text-decoration&#58;underline;">LinkedIn</span></a> <strong>|</strong> <a href="https&#58;//www.facebook.com/UPMGlobal"><span lang="EN-GB" style="text-decoration&#58;underline;">Facebook</span></a> <strong>|</strong> <a href="https&#58;//www.youtube.com/user/upmdotcom"><span lang="EN-GB" style="text-decoration&#58;underline;">YouTube</span></a> <strong>|</strong> <a href="https&#58;//www.instagram.com/upmbiofore/"><span lang="EN-GB" style="text-decoration&#58;underline;">Instagram</span></a> <strong>|</strong> <a href="https&#58;//www.upmbiofore.com/"><span lang="EN-GB" style="text-decoration&#58;underline;">upmbiofore.com</span></a></p><p>&#160;</p><p>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;</p><p>&#160;</p><p>&#160;</p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Biofuels gains the world's first RSB certification for wood-based liquid biofuels 2017-05-29T11:02:00Z<p class="hugin">&#160;(UPM, Helsinki, 29 May 2017 at 14&#58;00 EET) - UPM Biofuels has again received a new&#160;acknowledgement of&#160;the sustainability of its value chain by receiving an&#160;RSB (The Roundtable on Sustainable Biomaterials)&#160;certificate for both UPM BioVerno renewable diesel and naphtha, as well as production sidestreams turpentine and pitch. RSB&#160;verifies the sustainability and reliability of feedstock sourcing and production.&#160;</p> <p class="hugin">In RSB certification, the sustainability of biofuels&#160;is evaluated against 12 principles which have been approved by many stakeholders, including NGOs and UN agencies. In addition to the&#160;greenhouse gas savings&#160;compared to fossil fuels, the RSB principles cover biodiversity, human rights and environmental and social responsibility throughout the value chain.</p> <p class="hugin">RSB&#160;is&#160;one of the European Commission's approved voluntary schemes, which can be used to show compliance with&#160;the EU Renewable Energy Directive's sustainability criteria. RSB certification can also be used to verify the sustainability of biomaterials for non-energy applications.&#160;UPM Biofuels&#160;uses crude tall oil, a residue from pulp production, to produce&#160;both biofuels and biomaterials in its Biorefinery in Lappeenranta, Finland.</p> <p class="hugin">&quot;The RSB is proud to count UPM among the visionary biofuel producers that are RSB certified. Using residues, like those from pulp and paper production, to produce energy helps to build a new world free of fossil fuels with minimal impact on nature and food production.&#160;This is the first certification of biofuel produced from wood-based feedstocks and RSB looks forward to working with UPM to promote this innovative&#160;solution for the bioeconomy,&quot; comments&#160;<b class="hugin">Rolf Hogan</b>, Executive Director of RSB.</p> <p class="hugin"><img alt="" class="hugin" height="288" id="Picture 2" src="https&#58;//hugin.info/165629/I/2108169/118151.jpg" width="384" /></p> <p class="hugin"><i class="hugin">UPM's Risto Kotilainen (left) and Maria Puustinen (right) present UPM Lappeenranta Biorefinery to Glenn Feryn, Leader auditor from Control Union Certifications, Belgium</i>.</p> <p class="hugin">UPM Biofuels has previously received sustainability certificates under the Finnish National Sustainability Scheme, ISCC EU and ISCC PLUS&#160;(International Sustainability and Carbon Certification)&#160;schemes. </p> <p class="hugin">&quot;RSB certification&#160;is&#160;a valuable addition to our current sustainability certifications and we see that it can lead to&#160;great&#160;new collaborations with RSB certified end users. RSB and ISCC are both considered strong sustainability certification schemes&#160;and both have their own strengths. We are the only biofuel producer able to show compliance with both voluntary schemes together with a national scheme. This is very strong&#160;evidence of sustainability in&#160;all UPM Biofuel operations,&quot; says <b class="hugin">Maiju Helin</b>, Head of Safety, Sustainability and&#160;Quality&#160;at UPM Biofuels.</p> <p class="hugin"><b class="hugin">Innovative renewable fuels from Finland</b></p> <p class="hugin">UPM's renewable fuels&#160; known as UPM BioVerno fuels are&#160; an innovation that reduces lifecycle greenhouse gas emissions by up to 80% when compared with fossil fuels. </p> <p class="hugin">UPM BioVerno diesel, a&#160;high quality drop-in fuel,&#160;also reduces tailpipe emissions significantly. UPM BioVerno naphtha can be used as a biocomponent in gasoline or as renewable feedstock for bio-based applications, such as bioplastics.&#160;UPM's renewable fuels are produced from a residue of UPM's own pulp production, crude tall oil, with no edible materials being used.&#160;</p> <p class="hugin">UPM started production of its wood-based renewable fuels in the UPM Lappeenranta Biorefinery in January 2015. The production capacity of the biorefinery is 120 million litres of renewable fuels annually.&#160;</p> <p class="hugin"><b class="hugin">More information&#58;</b><br class="hugin">Maiju Helin, Senior Manager, Safety, Sustainability and Quality, UPM Biofuels<br class="hugin">Tel. +358 50&#160;325 6046, <a class="hugin" href="mailto&#58;maiju.helin@upm.com" target="_blank">maiju.helin@upm.com</a> <br class="hugin">Sari Mannonen, Vice President, UPM Biofuels, Tel. +358 45&#160;265 1345, <a class="hugin" href="mailto&#58;sari.mannonen@upm.com" target="_blank">sari.mannonen@upm.com</a></p> <p class="hugin">UPM, Media Relations&#160;<br class="hugin">9.00-16.00 EET<br class="hugin">Tel. +358 40 588 3284<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Biofuels</b><br class="hugin"> UPM plans to become a major player in high quality, advanced biofuels for transport. Biofuels are an essential part of the Biofore strategy. The innovative wood-based biofuels developed by the company and their production technologies are part of a sustainable future. UPM's biofuels are frontrunners in quality, usability and sustainability. They will significantly decrease greenhouse gas emissions and tailpipe&#160; emissions compared to fossil fuels.&#160;<a class="hugin" href="http&#58;//www.upmbiofuels.com/" target="_blank">www.upmbiofuels.com</a></p> <p class="hugin">Follow UPM Biofuels on&#160;<a class="hugin" href="https&#58;//twitter.com/UPM_Biofuels" target="_blank">Twitter&#160;</a>|&#160;<a class="hugin" href="https&#58;//www.facebook.com/UPM-Biopolttoaineet-328642547332048/" target="_blank">Facebook&#160;</a>|&#160;<a class="hugin" href="https&#58;//www.youtube.com/playlist?list=PLJwXrjw5FtwHDcos7UjxvktVuYXNfMkWo" target="_blank">YouTube</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 people and annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company -&#160;<a class="hugin" href="/" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on&#160;<a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a>|&#160;<a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a>|&#160;<a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a></p> <p class="hugin"><b class="hugin">RSB</b><br class="hugin">The Roundtable on Sustainable Biomaterials (RSB) is a global, multi stakeholder independent&#160;organisation&#160;that drives the development of a new world bioeconomy through sustainability solutions, certification, innovation, and collaborative partnerships.&#160;It provides tools and solutions&#160;that mitigate business risk and contribute to achieving the UN's Sustainable Development Goals - and RSB has the world's most trusted, peer-reviewed, global certification standard for sustainable biomaterials, biofuels and biomass production. <a class="hugin" href="http&#58;//www.rsb.org" target="_blank">www.rsb.org</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM and FSC® announce a global strategic partnership2017-05-17T06:00:00Z<p class="hugin">(UPM, Helsinki, 17 May 2017 at 09&#58;00 EET) - UPM and the Forest Stewardship Council<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">®</sup> (FSC) announce a global strategic partnership to develop solutions for advancing the uptake of FSC in the market. UPM and FSC signed the partnership agreement on the 16th of May 2017 during the FSC international members meeting in Karkkila, Finland. The partnership aims at delivering benefits to forest owners through FSC certification and to increase the FSC-certified wood supply.</p> <p class="hugin">UPM has actively cooperated with FSC both on international and national level for several years. The company has been involved in developing the FSC certification in order to enhance its applicability to the fragmented private forest ownership in Finland. This work will be strengthened through the newly agreed partnership.</p> <p class="hugin">&quot;We are delighted to formalize our collaboration with UPM. It is vitally important that FSC has a strong relationship with sustainability leaders of the paper and forest products industry to expand the FSC footprint globally. We agree on the importance of FSC for all parties in the value chain from forest owners to consumers. UPM and FSC also share a common understanding of the importance of responsible forestry and the sustainable use of wood in the bioeconomy&quot;, says <b class="hugin">Kim Carstensen</b>, Director General, Forest Stewardship Council.</p> <p class="hugin">&quot;UPM's customers take a growing interest in the company's environmental performance and the sustainability of its operations. Third-party verified certificates give them useful information about the responsibility of UPM products&quot;, says <b class="hugin">Heikki Vappula</b>, EVP, UPM Biorefining.</p> <p class="hugin">&quot;The global partnership is a natural continuation to UPM Biofore strategy and to our valuable cooperation with FSC. FSC certification is an excellent tool for promoting responsible forestry. Our joint target is to extend the use of the FSC system in general as well as to develop UPM forest management and solutions for group certification to expand in the Finnish private smallholder structure&quot;, Vappula continues.</p> <p class="hugin">To promote the certification of privately owned forests in Finland, UPM established an FSC group certification scheme in 2012. In 2016, the scheme (FSC C 109750) grew to cover about 300,000 hectares of private forest. </p> <p class="hugin"><b class="hugin">For more information, please contact&#58;</b><br class="hugin">Sauli Brander, UPM, SVP, Wood Sourcing and Forestry, tel. +358 40 567 4155<br class="hugin">Alex Dunn, FSC, Media Manager, <a class="hugin" href="mailto&#58;a.dunn@fsc.org" target="_blank">a.dunn@fsc.org</a>, tel. +49 228 367 6688</p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company- <a class="hugin" href="/" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM&#58; <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="http&#58;//www.upmbiofore.com" target="_blank">upmbiofore.com</a></p> <p class="hugin"><b class="hugin">FSC</b> <br class="hugin">FSC works to take care of our forests and those who rely on them by protecting plant and animal species, Indigenous Peoples rights, forest workers' safety, and much more. This is achieved through FSC certification, ensuring forests around the world are responsibly managed.&#160;FSC was established in 1994, and currently, over 190 million hectares of forest are FSC certified, in over 80 countries worldwide.&#160;FSC's global headquarters are in Bonn, Germany, with a network of national offices in over 30 countries.</p> <p class="hugin">Follow FSC&#58; <a class="hugin" href="https&#58;//twitter.com/FSC_IC" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company-beta/424491/" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/fsc.ic/" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/FSCInternational" target="_blank">YouTube</a> |<a class="hugin" href="https&#58;//www.instagram.com/fsc_international/" target="_blank"> Instagram</a> | <a class="hugin" href="https&#58;//ic.fsc.org/" target="_blank">ic.fsc.org</a>&#160; </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac at Label Summit Latin America 2017: a 'Perfect Fit' for labeling solutions2017-05-11T14:00:00Z<p class="hugin">(UPM Raflatac, Mills River, NC, USA, May 11, 2017 at 17&#58;00 EET)&#160;-&#160;At this year's Label Summit Latin America in Santiago, Chile, UPM Raflatac will be demonstrating how its latest product innovations are a perfect fit to help companies distinguish their brands. From new thin film innovations for home and personal care applications, food containers, craft beverage and wine and spirits; to exciting developments for paper labeling, UPM Raflatac truly offers something for everyone. And with our strong commitment to sustainability, we are second to none. Find your inspiration; we have the solution.</p> <p class="hugin">Label Summit Latin America attendees are invited to stop by booth G12 to meet with UPM Raflatac's label experts to learn the latest information on labeling technologies and innovations and to test samples of label materials to find exactly what's right for you and your brand. </p> <p class="hugin">In addition to a full portfolio of <b class="hugin">wine and spirits labeling solutions</b>, featured products at the booth include the new <b class="hugin">RR20</b> adhesive, providing reliable resealability for food package labels; <b class="hugin">RH04FG</b>, a hotmelt adhesive that meets the FDA's requirements for direct contact with fruit and vegetable skin; new <b class="hugin">60# Raflacoat Premium</b>, which delivers high-gloss performance for maximum shelf appeal at a semi-gloss price point; and newly launched <b class="hugin">Raflex MDO</b> films, which combine the best properties of PP and PE for conformables.</p> <p class="hugin"><b class="hugin">Don't miss our Wine Workshop!</b><br class="hugin">On Wednesday, May 17 at 4&#58;15 p.m., UPM Raflatac's Andreu Gombau, Director of Sales for South America, and Edmund Ayres, Country Manager for Chile, Bolivia and Peru will partner with Colorama's General Manager, Juan Felipe Correa, to present on the latest in the wine industry, including export market expectations, global wine market growth, packaging trends and innovations and much more. Be sure to stick around after for a fun conclusion to the conference with a wine tasting, featuring a selection of incredible red and white wines from Vina San Pedro.</p> <p class="hugin">For more information about UPM Raflatac at Label Summit Latin America, please visit <a class="hugin" href="http&#58;//go.upmraflatac.com/LSLA_RE" target="_blank">http&#58;//go.upmraflatac.com/LSLA_RE</a>.</p> <p class="hugin">High-res photos can be downloaded at » <a class="hugin" href="http&#58;//pet.upm.com/l/ZcgVrRzTQBQx" target="_blank">http&#58;//pet.upm.com/l/ZcgVrRzTQBQx</a></p> <p class="hugin"><b class="hugin">For further information, please contact&#58;</b><br class="hugin">Andreu Gombau, Director, Sales, South America, UPM Raflatac, tel. +1- 828-654-6873, <a class="hugin" href="mailto&#58;andreu.gombau@upmraflatac.com" target="_blank">andreu.gombau@upmraflatac.com</a> </p> <p class="hugin"><b class="hugin">About UPM Raflatac</b><br class="hugin">UPM Raflatac is one of the world's leading producers of self-adhesive label materials. We supply high-quality paper and film label stock for consumer product and industrial labeling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of USD 1.5 billion (EUR 1.4 billion) in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>. </p> <p class="hugin">Follow us on <a class="hugin" href="https&#58;//twitter.com/upmraflatacam" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac" target="_blank">Instagram</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx

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