Releases

Filter releases:

Free Search
Press release type:
Search criteria:
Year:

 

 

UPM Raflatac partners with SGA and MCC in Italy to create sample book of wine, spirits, and craft beverage labels inspired by natural surfaces2017-12-15T08:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 15 Month 2017 at 10&#58;00 EET) - UPM Raflatac is launching a new visual sample book to showcase its premium label materials for wine, spirits, and craft beverages. Designed in collaboration with a team from <b class="hugin">SGA Corporate &amp; Packaging Design</b> led by chief designer <b class="hugin">Giacomo Bersanetti</b>, the book has been printed by leading Italian printing company <b class="hugin">Multi-Color Corporation (MCC).</b> The book was inspired by the details and perspectives of the surfaces of the natural world, such as barks, petals, shells, and feathers.</p> <p class="hugin"><img alt="" class="hugin" height="115" id="Picture 1" src="https&#58;//hugin.info/165629/I/2154664/124377.jpg" width="205" /></p> <p class="hugin">The sample book is designed to inspire, stimulate, and excite designers, brand owners, and wineries, providing them with a tool to help select the perfect label materials to showcase their high-quality products. It demonstrates how label designs and label materials can complement each other and showcases the huge range of visual possibilities offered by UPM Raflatac's solutions and expertise.</p> <p class="hugin">The nine label designs printed on 18 different materials capture the naturally occurring patterns and forms that provide inspiration for designers, reflecting UPM Raflatac's commitment to sustainable packaging options. The sample book includes 62 blank labels in a wire-bound waterfall and technical data sheets for the label materials, as well as general information about the adhesives and backings that they can be paired with.</p> <p class="hugin">&quot;Working closely with SGA and MCC, we wanted to create a visually impactful resource to inspire label designers, converters, and others in the value chain by showing how our label materials provide the perfect canvas for premium branding and creative designs,&quot; explains <b class="hugin">Jay Betton</b>, Business Segment Manager, Wine, Spirits, and Craft Beverages, EMEIA. &quot;The designs showcase the latest trends in the segment, and the materials included are designed to meet the most discerning aesthetic and technically demanding requirements.&quot; </p> <p class="hugin">&quot;The surfaces of the natural world represent a perfect analogy for these labelling materials and introduce a conceptual content to a catalogue that has also been designed to reflect UPM Raflatac's commitment to operating with the utmost respect for the environment and its inhabitants,&quot; describes Giacomo Bersanetti. </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Jay Betton, Business Segment Manager, Wine, Spirits, and Craft Beverages, EMEIA, tel. +44 20 3530 4330.</p> <p class="hugin">High resolution image can be downloaded at <a class="hugin" href="http&#58;//pet.upm.com/l/7-Lr7GFh9zwV" target="_blank">UPM Image bank</a> </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 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">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide 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 concluded the sale of its hydro power facilities in Schongau and Ettringen to erdgas schwaben2017-12-13T06:30:00Z<p class="hugin">(UPM, Helsinki, 13 December 2017 at 08&#58;30 EET) - UPM concluded the sale of its hydro power facilities in Schongau and Ettringen, Germany to erdgas schwaben gmbh, a regional energy company located in Augsburg, with the effective date on 31 December 2017.</p> <p class="hugin"><a class="hugin" href="https&#58;//www.upmpaper.com/whats-new/2017/03/upm-to-sell-its-hydro-power-facilities-in-schongau-and-ettringen-to-erdgas-schwaben/" target="_blank">The transaction was announced in March 2017.</a></p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Rainer Häring, Director Energy, Western Europe, UPM Paper ENA, tel. +49 173 9001470<br class="hugin">Klaus-Peter Dietmayer, Managing Director, erdgas schwaben gmbh, tel. +49 821 9002 100</p> <p class="hugin"><b class="hugin">For local information, please contact&#58;</b><br class="hugin">Wolfgang Ohnesorg, General Manager, UPM Schongau/Ettringen, tel. +49 8861 213&#160;122</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">About erdgas schwaben</b><br class="hugin">The erdgas schwaben gmbh is a major energy supplier and producer of biogas energy in the region of Bavarian Swabia, Germany. In addition the company offers distribution and power generation made from renewable energy sources. Since 2002 private persons can be part of a local climate change package following the Kyoto protocol. erdgas schwaben employs around 318 people and the headquarter of the company is located in Augsburg, Germany.</p> <p class="hugin"><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 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. 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"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide 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"><u class="hugin">Follow UPM on</u> <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|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Biofuels wins the Bioenergy Industry Leadership award in the 2017 Platts Global Energy Awards2017-12-08T08:00:00Z<p class="hugin">(UPM, Helsinki, 8 December 2017 at 10&#58;00 EET) - UPM Biofuels was chosen as the Bioenergy Industry Leader at the 2017 Platts Global Energy Awards - often described as the Oscars of the energy industry. The competition was arranged by S&amp;P Global Platts, the leading independent provider of market information and benchmark prices for commodities in the energy sector.</p> <p class="hugin">UPM Biofuels was nominated for its wood-based low emission advanced UPM BioVerno biofuels, and its one-of-a-kind commercial scale biorefinery in Lappeenranta, Finland. The choice was made among energy companies from nearly 30 countries representing four continents, including some of the world's leading energy giants.</p> <p class="hugin">In the Industry Leader Award Bioenergy category, all finalists were innovative operators developing sustainable bioenergy solutions. The independent panel of judges was impressed by UPM Biofuels' innovativeness, leadership and operational excellence as well as its ability to minimise undesirable environmental impacts. The winner of the bioenergy leadership award was picked from a total of six finalists&#58; DuPont Industrial Biosciences, Praj Industries, Propel Fuels, Targray, Alcol Biotech and UPM Biofuels.</p> <p class="hugin">&quot;It's a great honour to receive this recognition of leadership in the bioenergy industry from the S&amp;P Global Platts organisation, which is highly valued in the energy industry. It gives credit to the whole UPM Biofuels team that has managed to make significant progress in sustainable advanced biofuels,&quot; says <b class="hugin">Sari Mannonen</b>, Vice President of UPM Biofuels.</p> <p class="hugin"><img width="627" height="353" class="hugin" id="Picture 1" src="https&#58;//hugin.info/165629/I/2154842/124392.jpg" alt="" /></p> <p class="hugin"><i class="hugin">UPM's Sari Mannonen (2<sup class="hugin" style="font-size&#58;0.8em;vertical-align&#58;text-top;">nd</sup> from right) received the Bioenergy Industry Leader Award from Platts representatives in New York.</i></p> <p class="hugin">UPM Biofuels won praise for its commitment to sustainability and ability to utilise forest industry residue as a raw material for its advanced biofuels production. Using wood-based residues as raw material to produce sustainable drop-in biofuels is a fast track solution for reducing greenhouse gas and tailpipe emissions from transportation.</p> <p class="hugin">The Global Energy Awards are now in their 19<sup class="hugin" style="font-size&#58;0.8em;vertical-align&#58;text-top;">th</sup> year recognising top performers, industry leaders and innovators in the energy industry. The award ceremony took place in New York on December 7, 2017.</p> <p class="hugin">Read more about the Platts Global Energy Award at <a class="hugin" href="http&#58;//geaweb.platts.com/" target="_blank">http&#58;//geaweb.platts.com</a></p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Sari Mannonen, Vice President, UPM Biofuels, tel. +358 45 265 1345</p> <p class="hugin"><img width="627" height="202" class="hugin" id="Picture 3" src="https&#58;//hugin.info/165629/I/2154842/124393.jpg" border="0" alt="" /></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">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide 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
UPM Raflatac's RafCycle® recycling solution expanding to China2017-12-07T09:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 7 December 2017 at 11&#58;00 EET) - UPM Raflatac is expanding its RafCycle® recycling solution to China. RafCycle services were launched in Changshu on December 6, 2017 during a customer event. RafCycle is also being promoted at Labelexpo Asia in Shanghai on December 5-8. The first RafCycle partner certificate in China was awarded to Hangzhou Changli, which is a label converter established in 2010. </p> <p class="hugin">Hangzhou Changli is also the 100th RafCycle partner globally.The number of RafCycle partners has grown increasingly over the years as sustainability has become one of the key drivers in the labeling industry. Today more than 10 000 tons of label liner waste is being recycled in Europe through the RafCycle program.&#160;UPM Raflatac is actively searching for new RafCycle partners and the expansion to China is an important step in this process. </p> <p class="hugin">The paper liner waste generated by the RafCycle partners in China will be delivered to Hangzhou Fulun Ecology Technology Co., Ltd. where the paper liner waste can be recycled back into pulp and paper. </p> <p class="hugin">RafCycle is an innovative recycling concept that offers a new life for label liner waste which provides numerous benefits to printers, packers, brand-owners, and, of course, the environment. Turning waste into a resource is a key concept in the circular economy and an important part of our approach to sustainability. </p> <p class="hugin">&quot;The recycling of wood fibres in paper products is a closed-loop solution and a shining example of sustainability at its best&quot;, says <b class="hugin">Sharon Xiao</b>, Sustainability Manager, APAC, UPM Raflatac. &quot;We see sustainability as a key for success and a driver of innovation.&quot;</p> <p class="hugin">Photos can be downloaded at the <a class="hugin" href="https&#58;//upm.emmi.fi/l/trskcNw5hjcB" target="_blank">UPM Photo Library &gt;&gt;</a> </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Sharon Xiao, Sustainability Manager, APAC, UPM Raflatac , tel. +8618521710666</p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is labeling a smarter future by developing innovative and sustainable labeling solutions complemented with world-class service. As 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 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">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide 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
Appointment in UPM Biorefining2017-12-01T06:30:00Z<p class="hugin">(UPM, Helsinki, 1 December 2017 at 08&#58;30 EET) - <b class="hugin">Petri Hakanen</b> has been appointed Senior Vice President, UPM Uruguay Development Project, starting from 1 March 2018. Currently he works as SVP, UPM Specialty Papers ENA.</p> <p class="hugin"><b class="hugin">Jaakko Sarantola</b>, the current SVP of UPM Uruguay Development Project, will retire 1 June 2018 after serving UPM for more than 35 years.</p> <p class="hugin"><b class="hugin">For further information, please contact</b><br class="hugin">Heikki Vappula, Executive Vice President, UPM Biorefining.<br class="hugin">Contacts through UPM, Media Relations, tel. +358 40 588 3284, <a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a> </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</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide 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> <p><a href="http&#58;//hugin.info/165629/R/2153187/827003.jpg" target="_blank">Petri Hakanen UPM</a></p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM supports schooling opportunities of young people at risk of social exclusion2017-11-20T09:30:00Z<p class="hugin">(UPM, Helsinki, 20 November 2017 at 11.30 EET) -UPM supports young people whose secondary education is at risk due to the family's low income through Eväitä Elämälle programme by Save the Children organisation. UPM's support is targeted at buying learning materials so that young people can continue their studies regardless of the family's financial situation. The study materials aid will be directed to the local associations of the Save the Children organisation.</p> <p class="hugin">In Finland, 15 per cent of young people have not completed upper secondary education by the age of 25. Nearly half of the young people without qualification or education have had to cut or drop their studies due to lack of money. The costs of upper secondary education are caused by learning materials in particular. Study materials aid is provided for the textbooks and other materials, such as work equipment, used at secondary schools and vocational institutions. The goal is that the beneficiaries can complete a matriculation examination or a vocational qualification.</p> <p class="hugin">&quot;As a sponsor of Eväitä Elämälle programme we are promoting equality and inclusion among young people as well as increasing their opportunities to build future in their chosen studies. This is important for the young themselves but also for society as a whole and for its wellbeing, &quot;says <b class="hugin">Pirkko Harrela</b>, Executive Vice President, Stakeholder Relations at UPM.</p> <p class="hugin">&quot;Under the Eväitä Elämälle programme, 1,458 children from low-income families received aid for learning materials and hobbies from Save the Children last year. Our recent study shows clearly that the schooling costs are a problem for many. Nearly 60 per cent of the respondents felt that the costs of secondary education have caused them or their families financial challenges,&quot;says <b class="hugin">Hanna Markkula-Kivisilta</b>, Secretary General from Save the Children Finland.</p> <p class="hugin">UPM's societal engagement activities are closely connected to our Biofore strategy and responsibility targets. UPM focuses on projects that are relevant to both UPM's business and responsibility goals. The focus areas of UPM's Biofore Share and Care programme are&#58; Reading &amp; Learning, Engaging with communities, Responsible water use and Boosting bioinnovations. Read more on Biofore Share and Care programme on UPM <a class="hugin" href="http&#58;//www.upm.com/Responsibility/people-society/sponsorships-donations/Pages/default.aspx" target="_blank">website</a>.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Pirkko Harrela, EVP, Stakeholder Relations, UPM, <a class="hugin" href="mailto&#58;pirkko.harrela@upm.com" target="_blank">pirkko.harrela@upm.com</a>, tel. +358 2041 50588<br class="hugin">Hanna Markkula-Kivisilta, Secretary General, Save the Children Finland, <a class="hugin" href="mailto&#58;hanna.markkula-kivisilta@pelastakaalapset.fi" target="_blank">hanna.markkula-kivisilta@pelastakaalapset.fi</a>, tel. +358 50 462 1148</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">Save the Children Finland</b><br class="hugin">Save the Children Finland is a politically and religiously independent non-governmental organization founded in 1922, which fights for children's rights in order to immediately and permanently improve children's lives in Finland and all over the world. Save the Children Finland is part of the Save the Children organization, which operates in over 100 countries to improve children's lives. Our vision is a world where every child has the right to live, to be protected, to develop and to participate. Our mission is to improve the way children are treated and to immediately and permanently improve children's lives. Additional information&#58; <a class="hugin" href="http&#58;//www.pelastakaalapset.fi" target="_blank">www.pelastakaalapset.fi</a> </p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide 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
UPM Raflatac expands Lite range of ecodesigned labeling solutions with new PP Clear FTC Lite film 2017-11-14T08:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 14 November 2017 at 10&#58;00 EET) - UPM Raflatac has expanded its PP Lite range of labeling solutions for the European market with the introduction of a new clear film, <b class="hugin">PP Clear FTC Lite</b>. The face materials, adhesives, and backing used in the PP Lite range offer brands new ways to achieve their sustainability objectives.</p> <p class="hugin">PP Lite label materials offer brand owners the opportunity to differentiate themselves from the competition by becoming a leader in sustainable product labeling while boosting productivity across the value chain at the same time. By combining a lighter face material, a lower coat-weight adhesive, and a lighter backing, products in the PP Lite range optimize raw material use and reduce&#160;greenhouse gas emissions, energy and water consumption, and waste.</p> <p class="hugin">&#160;<img alt="" class="hugin" height="102" id="Picture 1" src="https&#58;//hugin.info/165629/I/2149285/123856.jpg" width="205" /></p> <p class="hugin">In line with the PP Lite concept, PP Clear FTC Lite is a multi-purpose label material suitable for labeling rigid containers with smooth surfaces in beverage, food, and home and personal care applications, and is compliant with EU food safety regulations. Clear labels on see-through packaging make products stand out on the shelf and help consumers make more informed purchasing decisions by showing them exactly what they are buying.</p> <p class="hugin">&quot;Our Label Life demonstrates that by replacing conventional PP label materials with our PP Lite solutions, brand owners can optimize raw material use and make sustainability gains through a lower environmental footprint,&quot; explains <b class="hugin">Jan Hasselblatt,</b> Director, Global Business Development, UPM Raflatac. &quot;With the addition of PP Clear FTC Lite for achieving a no-label look, the range allows brands to take their packaging designs one step further while improving productivity and demonstrating their commitment to sustainable packaging.&quot; </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Päivi Knihti, Segment Manager, Films, EMEIA, UPM Raflatac, tel. +358 2041 68&#160;395 </p> <p class="hugin">High resolution image can be downloaded at <a class="hugin" href="http&#58;//pet.upm.com/l/2PQkvgns6Qcr" target="_blank">UPM Image bank</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;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.&#160;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="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 Plywood introduces new fire retardant WISA®-SpruceFR structural plywood for building and construction2017-11-09T12:00:00Z<p class="hugin">(UPM Plywood, Lahti, Finland, 9 November 2017 at 14.00 EET) - UPM Plywood introduces a new fire retardant WISA-Spruce<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">FR</sup> structural plywood for building and construction end uses. WISA-Spruce<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">FR</sup> combines the market leading quality and structural performance with B-s1, d0 fire classification - the highest a wood product can have.</p> <p class="hugin"><img alt="" class="hugin" height="353" id="Picture 2" src="https&#58;//hugin.info/165629/I/2148525/123769.gif" width="627" /></p> <p class="hugin">&quot;This is uniquely different type of plywood product released to the market,&quot; says <b class="hugin">Riku Härkönen</b>, Product Manager at UPM Plywood. &quot;There are products which are either extremely expensive, pressure treated, or they come with conditions and requirements for other structural solutions,&quot; Härkönen describes.</p> <p class="hugin">Unlike in many other fire-resistant wooden products, the fire-retardant treatment in WISA-Spruce<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">FR</sup> does not compromise the plywood's technical properties; the panels preserve the original qualities of untreated WISA-Spruce plywood. Also, different from many other wood panels, WISA-Spruce<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">FR</sup> does not require any special structural design to achieve the fire classification. It can be used just like a regular plywood panel.</p> <p class="hugin">&quot;A significant development is that WISA-Spruce<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">FR</sup> can be installed leaving air gaps between the panel and other structures and insulation and still retain the product's fire-retardant properties and classification,&quot; says Härkönen. The fact that the fire-retardant treatment is already applied on the panels during manufacturing is a substantial benefit for contractors and developers. It saves time, material and costs in various project phases,&quot; Härkönen points out. &quot;For a customer this means efficiency made easy as fire retardant properties can be built into a normal structure&quot;.</p> <p class="hugin">New WISA-Spruce<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">FR</sup> will be showcased at the Branchentag Holz fair in Cologne, Germany 14-15 Novemeber 2017. UPM Plywood's stand at the fair is <b class="hugin">C021</b> in <b class="hugin">Hall 08A</b>.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Riku Härkönen, Product Manager, UPM Plywood, tel. +358 40 705 7991</p> <p class="hugin"><b class="hugin">UPM Plywood, Stakeholder Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358&#160;204&#160;151 13<br class="hugin"><a class="hugin" href="mailto&#58;communications.ply@upm.com" target="_blank">communications.ply@upm.com</a></p> <p class="hugin"><b class="hugin">UPM Plywood</b> manufactures high-quality WISA<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">®</sup> plywood and veneer products mainly for construction and transport industries and the new thermo-formable UPM Grada<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">®</sup> wood material for the form pressing industry. The sales of UPM Plywood in 2016 were EUR 444 million and it has about 2,400 employees. UPM Plywood has six plywood mills and a veneer mill in Finland, and plywood mills in Russia and Estonia - <a class="hugin" href="http&#58;//www.wisaplywood.com" target="_blank">www.wisaplywood.com</a>, <a class="hugin" href="http&#58;//www.upmgrada.com" target="_blank">www.upmgrada.com</a></p> <p class="hugin">Follow UPM Plywood on <a class="hugin" href="http&#58;//www.twitter.com/WisaPlywood" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-plywood" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/wisaplywood" target="_blank">Facebook</a><u class="hugin"> | </u><a class="hugin" href="https&#58;//www.youtube.com/user/wisaplywood" target="_blank">YouTube</a><u class="hugin"> | </u><a class="hugin" href="https&#58;//www.instagram.com/wisa_plywood/" 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 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 Raflatac introduces new Forest Positive concept and RAFNXT+ range of sustainable labeling2017-11-08T08:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 8 November 2017 at 10&#58;00 EET) - UPM Raflatac is introducing to the European market a unique lifecycle approach called <b class="hugin">Forest Positive</b> along with <b class="hugin">RAFNXT+,</b> a next-generation solution for sustainable packaging.</p> <p class="hugin"><img alt="" class="hugin" height="96" id="Picture 2" src="https&#58;//hugin.info/165629/I/2147764/123646.jpg" width="171" /></p> <p class="hugin">Forest Positive brings significant benefits for nature because it not only ensures net zero deforestation, but is also proven to promote biodiversity, improve water quality, and enhance the ability of forests to absorb carbon dioxide. The innovative RAFNXT+ range has a carbon potential that is up to 20% more carbon positive than standard paper labels. </p> <p class="hugin">The RAFNXT+ range optimizes the use of raw materials, using less energy and water, and generating less waste during its lifecycle compared to standard labels. It provides a competitive edge for printers and brand owners alike in terms of both sustainability and efficiency, with fewer reel changes delivering savings in downtime and start-up waste, lower packaging and transportation costs, and increased storage capacity for both raw materials and finished stock.</p> <p class="hugin">The new range includes labeling solutions for a wide variety of applications, including retail labeling, labeling of packaged food, and labels for transport and logistics applications.</p> <p class="hugin">&quot;With RAFNXT+, customers can differentiate themselves with our Forest Positive concept and by using labels that are proven to be 20% more carbon positive than standard paper materials. Furthermore, they can also enhance their productivity thanks to the optimized raw material efficiencies that RAFNXT+ delivers,&quot; explains <b class="hugin">Jon Lenck</b>, Director, VIP &amp; Prime segment, EMEIA, UPM Raflatac.</p> <p class="hugin">&quot;Forest Positive is a unique approach to the forest lifecycle that goes far beyond deforestation to actively enhance natural capitals,&quot; says <b class="hugin">Robert Taylor</b>, Sustainability Director, UPM Raflatac. &quot;It's carbon positive, which means the forests that we choose to source our raw materials from can absorb up to double the amount of carbon dioxide emitted during the RAFNXT+ production process,&quot; he continues.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Jon Lenck, Director, VIP &amp; Prime segment, EMEIA, UPM Raflatac, tel. +48 71 776 5000<br class="hugin">Robert Taylor, Sustainability Director, UPM Raflatac, tel. +358 20 4162 164</p> <p class="hugin">High resolution images available at <a class="hugin" href="http&#58;//pet.upm.com/l/_5mwNDwPswNW" target="_blank">UPM Image bank</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;We supply high-quality paper and film label stock for consumer product and industrial&#160;labeling through a global network of factories, distribution terminals and sales offices.&#160;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="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 and the Government of Uruguay sign an investment agreement to establish a competitive operating platform for a possible new pulp mill in Uruguay2017-11-07T22:15:00Z<p class="hugin">(UPM, Helsinki/Montevideo 8 November 2017 at 00&#58;15 EET) - UPM and the Government of Uruguay have signed an investment agreement, which outlines the local prerequisites for a potential pulp mill investment. The agreement details the roles, commitments and time-line for both parties as well as the relevant items to be agreed prior to the final investment decision. </p> <p class="hugin">The agreement defines the requirements for the operating environment of a world-class pulp mill project. The site of the mill would be close to the city of Paso de los Toros, in the department of Durazno in central Uruguay. </p> <p class="hugin">A long-term industrial operation requires stable and predictable operational environment. This will be supported by several measures in the areas of regional development, environment, forestry and land planning as well as labour and energy conditions.</p> <p class="hugin"><b class="hugin">Infrastructure development as key enabler&#160; </b></p> <p class="hugin">The Government will develop the rail and road network by tendering the construction and long-term maintenance of the network. The total investment by the Government has been reported to be approximately USD 1 billion. This investment is necessary to enable the establishment of efficient logistic infrastructure in the Uruguayan inland. The Government will also promote concession for a terminal specializing in pulp in the Montevideo port with rail access in order to secure reliable and competitive outlet to export markets.</p> <p class="hugin">Once the permitting requirements are fulfilled, the Government will grant the mill a free trade zone status, which is necessary to ensure competitiveness on international markets. </p> <p class="hugin">UPM will carry out an engineering study and permitting process for a pulp mill with an annual capacity of about 2 million tonnes of eucalyptus market pulp. The preliminary estimate for a pulp mill investment on site is approximately EUR 2 billion.</p> <p class="hugin">In addition, a successful project requires off-site investments in plantation land and forestry, road network and nursery capacity, harvesting and transport equipment, rolling stock for the rail, export facilities and human development. </p> <p class="hugin">&quot;Robust infrastructure is elemental for industrial development. The Government of Uruguay is stating their serious intent with this agreement and timeline. The agreement sets the foundation for UPM's planning of a state-of-the-art pulp mill investment,&quot; says <b class="hugin">Jaakko Sarantola</b>, UPM's Senior Vice President, Uruguay Development.</p> <p class="hugin"><b class="hugin">Global demand for sustainable pulp continues its strong growth</b></p> <p class="hugin">&quot;A competitive world-class pulp mill must have a solid wood supply, well-working logistic infrastructure and efficient mill operations. The environmental performance of the mill would be secured with competent and engaged personnel and with best available technology. When in operation, the mill, forestry and related activities would employ 8,000 additional people in its full value chain. The operations would also have a significant positive impact on the central and north-eastern regions.&quot; </p> <p class="hugin">&quot;The signing of this agreement confirms that we are now entering the second preparation phase of this prospect, which is expected to take some 1.5 to 2 years. Achieving significant progress in the implementation of the infrastructure initiatives is critically important for the final investment decision,&quot; says Sarantola. </p> <p class="hugin">&quot;The world megatrends support a strong growth of the market pulp demand. UPM's customers value the stable quality of the Uruguayan eucalyptus pulp and hence Uruguay could be a competitive alternative for addressing UPM's pulp market opportunities in the 2020s. The possible new capacity in Uruguay would support UPM's multifibre strategy; to serve customers in growing hygiene, packaging and speciality end-use segments,&quot; concludes Sarantola. </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin"><b class="hugin">Uruguay&#58;</b> Jaakko Sarantola, Senior Vice President, UPM, Uruguay Development. <br class="hugin">Contacts through Burson Marsteller (+598 0) 2 623 28 70<br class="hugin"><b class="hugin">International&#58;</b> Heikki Vappula, Executive Vice President, UPM Biorefining. <br class="hugin">Contacts through UPM, Media Relations, tel. +358 40 588 3284, <a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">Notes to the editor</b><br class="hugin">In July 2016, UPM commenced discussions with the Government of Uruguay regarding the prerequisites for long-term industrial development in Uruguay. The aim of these discussions during the first preparation phase was to come to a mutual understanding on an investment agreement that defines the local prerequisites for industrial investment as well as initiatives for infrastructure development. The investment agreement was signed 7 November 2017.</p> <p class="hugin">The subsequent second preparation phase consists of an engineering study, tendering and permitting process as well as achieving significant progress in the implementation of the agreed infrastructure initiatives. Any relevant items are to be agreed prior to the possible final investment decision. This second phase is expected to last 1.5 to 2 years.</p> <p class="hugin">If these two preparation phases are concluded successfully, UPM will initiate the company's regular process of analysing and preparing an investment decision.</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 in Uruguay</b><br class="hugin">UPM's operations in Uruguay include the Fray Bentos pulp mill, the UPM Forestal Oriental forestry and wood sourcing company with its two nurseries, as well as the UPM Foundation.</p> <p class="hugin">UPM Forestal Oriental manages about 250,000 hectares of plantable land including own and Fomento partner producers' land. All of UPM's forest plantations are certified. </p> <p class="hugin">The Fray Bentos pulp mill started operations in 2007 and remains one of the world's most modern and efficient pulp mills. Its annual production capacity is 1.3 million tonnes of eucalyptus pulp. Besides pulp, the Fray Bentos mill is a significant biomass-based energy producer, accounting 8% of Uruguay's total energy production. The mill's wood raw material comes from sustainably managed local plantations.</p> <p class="hugin">Founded in 2006, the UPM Foundation works in coordination with local stakeholders to promote the development of rural communities through education, training and entrepreneurship, fostering a culture of safety and healthy living.</p> <p class="hugin">UPM employs directly and indirectly altogether 7,000 people in Uruguay and its contribution to Uruguay's GDP is 1.4%. <a class="hugin" href="http&#58;//www.upm.uy" target="_blank">www.upm.uy</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|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac and Mus Verpakkingen collaborate to test a biobased film solution for can labeling2017-11-02T09:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 2 November 2017 at 11&#58;00 EET) - UPM Raflatac and Mus Verpakkingen, a Dutch supplier of metal packaging and closures, have partnered to find a more sustainable alternative for can labeling. Historically, Mus's products have primarily been used in the paint and chemical markets, but today Mus provides a wide assortment of cans, closures and aerosols for the cosmetic and food industries, too.</p> <p class="hugin">Together with UPM Raflatac, Mus has tested the new RafBio PE material in application. RafBio PE is a sustainable alternative to standard PE film and is made from sugarcane ethanol containing more than 80 % renewable plant-based raw material. This ecodesigned film material reduces greenhouse gas emissions and is recyclable within the same recycling streams as fossil-based PE.&#160; </p> <p class="hugin">For the test series, Mus has labeled 1 liter cylindrical cans with RafBio PE Clear FTC 85 film. The plan is to use RafBio label material for other sizes, too, as the labeled range of cans goes from 125 mm to 5 liters. </p> <p class="hugin">In the EU, the recycling rate of metal cans is as high as 70 %. Metal cans can be recycled indefinitely, which makes them a part of circular economy. The asset of having a sustainable labeling solution for metal cans serves not only the customers but the environment too.&#160; </p> <p class="hugin">As a renewable material, RafBio PE Clear FTC 85 substitutes fossil-based raw materials and reduces CO2 emission in product decoration and identification leading to ecodesigned packaging. </p> <p class="hugin">&quot;The recycling rate of cans in the Netherlands is at 95%. Having the RafBio PE label strengthens our product proposition even further and helps us create a very sustainable product - something a growing number of our customers consider very important,&quot; says <b class="hugin">Willem Mus</b>, CEO of Mus Verpakkingen.</p> <p class="hugin">In addition to testing this new sustainable label material, Mus has also joined UPM Raflatac's RafCycle® program to recycle its glassine liner. After collection, glassine liner is given a new life as magazine paper at UPM Plattling in Germany.&#160; </p> <p class="hugin">Photos can be downloaded at the <a class="hugin" href="http&#58;//upm.emmi.fi/l/mzKHWNRXsdDb" target="_blank">UPM Photo Library »</a> </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Päivi Knihti, Segment Manager, Films, EMEIA, UPM Raflatac, tel. +358 2041 68&#160;395</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 Raflatac is labeling a smarter future at Andina Pack 20172017-10-31T16:00:00Z<p class="hugin">(UPM Raflatac, Mills River, NC, USA, October 31, 2017 at 18&#58;00 EET) - At this year's Andina Pack in Bogota, Colombia from November 7-10, UPM Raflatac is labeling a smarter future through its sustainable packaging solutions and innovative technologies designed to educate brand owners on industry-leading packaging decoration methods that can elevate their brands.</p> <p class="hugin">When paired with the right package, high quality label materials help brands stand out on the shelf and grab consumer attention - and UPM Raflatac's paper and film products for craft beer, food and beverage to home and personal care containers outshine the rest. Show attendees are invited to visit UPM Raflatac at <b class="hugin">booth 2610 in the Materials and Containers Pavilion (Hall 18-23)</b> to see its new brand promise <b class="hugin">labeling a smarter future</b> in action!</p> <p class="hugin">The company has partnered with Clemson University in the United States to develop their first-ever <b class="hugin">RafStore Virtual Reality</b> <b class="hugin">tool</b>, which is an interactive consumer shopping experience completed with education, engagement and entertainment. Within the RafStore, players can &quot;shop&quot; virtual store shelves stocked with a variety of beverages and home and personal care items - and see for themselves how important the label is when choosing a product. </p> <p class="hugin">UPM Raflatac will also feature the new <b class="hugin">RafMATCH UP game</b>, where booth visitors will have the opportunity to become a certified &quot;Film Superstar&quot; by correctly choosing the best film label material for each personal care container type. </p> <p class="hugin">Labels matter and that is why the company wants to help its customers and brand owners to make sustainable choices when selecting label materials. As a part of the company's commitment to sustainability, they will be demonstrating the <b class="hugin">Label Life</b> concept, an environmental life cycle assessment tool that helps customers and end-users understand the impacts of different label materials. </p> <p class="hugin"><b class="hugin">Continued growth in South America with new terminal in Chile</b><br class="hugin">UPM Raflatac recently announced it be expanding its presence in the Latin American pressure-sensitive label market with the opening of a new slitting and distribution terminal in Santiago, Chile in early 2018. This new terminal will allow UPM Raflatac to improve its service capabilities and offer an expanded range of paper and film products to customers in the region, particularly in the wine and craft beverage segments.</p> <p class="hugin">&quot;We want to develop labeling solutions that help brand owners, businesses and customers increase their impact, sales and operational efficiency,&quot; says <b class="hugin">Andreu Gombau</b>, Director, Sales, South America, UPM Raflatac. As we continue to grow in South America with the opening of our new Chilean terminal, we will be there to meet brand owners' needs by offering them high quality products and world-class service.&quot; </p> <p class="hugin"><b class="hugin">Don't miss us at the Speakers Corner!</b><br class="hugin">Andina Pack attendees are invited to join UPM Raflatac for the &quot;Speakers Corner&quot; in the Edificio Conector Sur on Tuesday, November 7 at 3&#58;00 p.m. to learn about consumer goods packaging trends. In today's world, brand owners are relying on innovative packaging that &quot;sells itself&quot; and helps differentiate their products on the shelf. Package design and decoration are critical factors in attracting consumer attention and encouraging the all-important impulse buy. </p> <p class="hugin">Be sure to stop by booth 2610 in the Materials and Containers Pavilion (Hall 18-23) to see how UPM Raflatac is &quot;labeling a smarter future&quot;!</p> <p class="hugin"><a class="hugin" href="http&#58;//bit.ly/2y7nBZF" target="_blank">Learn more about the immersive experiences and innovative products featured at UPM Raflatac's Andina Pack booth »</a></p> <p class="hugin">Click here to download hi-res images » <a class="hugin" href="http&#58;//pet.upm.com/l/VqPxhv6-NNw7" target="_blank">http&#58;//pet.upm.com/l/VqPxhv6-NNw7</a></p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b></p> <p class="hugin"><b class="hugin">Scott Sowers</b><br class="hugin"><b class="hugin">Senior Communications Specialist, UPM Raflatac</b><br class="hugin">Mon-Fri 8.00-17.00 ET<br class="hugin">tel. +1 828-275-7261 <br class="hugin"><a class="hugin" href="mailto&#58;scott.sowers@upmraflatac.com" target="_blank">scott.sowers@upmraflatac.com</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. 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 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> <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> <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 receives an A score for CDP's Water and Forests Programs2017-10-25T06:30:00Z<p class="hugin">(UPM, Helsinki, 25 October 2017 at 09.30 EET)&#160; - UPM has been positioned on this year's A List for water and forests by CDP, the non-profit global environmental disclosure platform. CDP's A List comprises companies from around the world that have been identified as leading in their efforts and actions to combat environmental risk in the past CDP reporting year. Of the companies that submitted information, UPM is one of the only four companies to score an A on both water and forests.<br></p><p class="hugin"><img src="http&#58;//assets.upm.com/Responsibility/Other-images/CDP-Water-A-List-Social.jpg" alt="" style="margin&#58;5px;" /><br></p><p class="hugin"><img src="http&#58;//assets.upm.com/Responsibility/Other-images/Forest-A-List-Social.jpg" alt="" style="margin&#58;5px;" /><br></p> <p class="hugin">&quot;UPM is committed to the internationally accepted principles of sustainable forest management and to minimise the negative impacts of its operations on water resources,&quot; says <b class="hugin">Tuomas Niemi</b>, Manager, UPM Environment and Responsibility. </p> <p class="hugin">&quot;We aim to maximise our total contribution to society by creating long-term profitable business with responsible practises embedded into our operations and value-chain&quot;, Niemi continues. </p> <p class="hugin">&quot;Congratulations to all the companies that made it onto the A List this year. It's inspiring to see so many taking bold action to mitigate environmental risks and grasp the opportunities that come with the transition to a sustainable economy. These companies are driving the transition as we approach a tipping point on environmental action&quot;, says <b class="hugin">Paul Dickinson</b>, Executive Chair, CDP.</p> <p class="hugin">CDP publishes A-D scores across climate, water and forests for over 3,000 major corporates, with the leaders celebrated on the A List. </p> <p class="hugin">This is the first year that CDP has announced company scores across all three areas simultaneously, reflecting a holistic approach to corporate sustainability. Thousands of companies submit annual environmental disclosures to CDP for independent assessment at the request of 827 investors with assets of over US$100 trillion.</p> <p class="hugin">The A-List and full company scores are available on CDP's website&#58; <a class="hugin" href="https&#58;//www.cdp.net/en/scores-2017" target="_blank">https&#58;//www.cdp.net/en/scores-2017</a> </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Tuomas Niemi, Manager, Standards, UPM, Environment and Responsibility, tel. +358 40 7388 137</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">About 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="http&#58;//upmbiofore.com/" target="_blank">upmbiofore.com</a></p> <p class="hugin"><b class="hugin">About CDP</b><br class="hugin">CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted <a class="hugin" href="https&#58;//www.cdp.net/en/articles/media/press-release-investors-rank-cdp-number-one-in-climate-change-research-for-second-year-running" target="_blank">number one</a> climate research provider by investors and working with institutional investors with assets of US$100 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 6,300 companies with some 55% of global market capitalization disclosed environmental data through CDP in 2017. This is in addition to the over 500 cities and 100 states and regions who disclosed, making CDP's platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Please visit&#160;<a class="hugin" href="http&#58;//www.cdp.net/" target="_blank">www.cdp.net</a>&#160;or follow us @CDP to find out more.</p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Paper ENA plans to reduce graphic paper capacity and optimize operations to increase competitiveness2017-10-24T13:00:00Z<p class="hugin" style="border-style&#58;none;">(UPM, Helsinki, 24 October 2017 at 16&#58;00 EET) - In light of the global market situation for graphic papers, and to sustain its competitiveness and leading position in the market, UPM Paper ENA plans to&#58;</p> <ul class="hugin"> <li class="hugin"> <div class="hugin">optimize operations at its UPM Nordland Papier and UPM NorService units in Dörpen, Germany, Europe's biggest fine paper site. Streamlining internal processes and investing in automation will enable a sustainable improvement of the fixed cost structure. </div> </li> <li class="hugin"> <div class="hugin">permanently close paper machine 5 at UPM Blandin in Minnesota, United States, reducing the annual capacity by approximately 128,000 tons of coated magazine paper in response to overcapacities in the North American paper market. The closure is expected to be completed by end of Q1 2018 the latest. Paper production related to paper machine 6 is planned to continue at the Blandin site.</div> </li> </ul> <p class="hugin" style="border-style&#58;none;">In total 223 positions are estimated to be affected by these plans in Dörpen at UPM Nordland Papier and UPM NorService. At UPM Blandin, it is estimated that 150 positions will be affected by the plans. Employment related actions in Blandin will start with immediate effect and will be handled in accordance with federal and state statutory requirements; the employee consultation process in Dörpen will start in November in line with local legislation.&#160; </p> <p class="hugin" style="border-style&#58;none;">UPM will recognize restructuring charges of approximately EUR 35 million as items affecting comparability in its Q4 2017 results. The planned actions will result in annual savings of approximately EUR 30 million.</p> <p class="hugin" style="border-style&#58;none;">&quot;During the last years the demand for graphic papers has been declining - and the decline is expected to continue. Our employees have always given their best, even under challenging market conditions, and we regret the impact of the planned measures on our personnel in Dörpen and Blandin. However, we have to adjust our operations to prospective customer demand and continuously improve our operations to safeguard the success of UPM Paper ENA in the long run,&quot; says <b class="hugin">Winfried Schaur</b>, Executive Vice President, UPM Paper ENA.</p> <p class="hugin" style="border-style&#58;none;">&quot;UPM Paper ENA is committed to leading our business in a sustainable manner. Consequently, the interests of our employees and of our customers are a central part of our plans. We will engage in a fair dialogue with employee representatives. At the same time we will continue delivering products of the highest quality and full service at all times during this process,&quot; says <b class="hugin">Ruud van den Berg</b>, Senior Vice President, Magazines, Merchants and Office Business at UPM Paper ENA.</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">For further information please contact&#58;</b><br class="hugin">UPM Paper ENA Stakeholder Relations, tel. +49 821 3109 225, paperinfo@upm.com</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">For local information, please contact&#58;</b><br class="hugin"><b class="hugin">Klaus Reimann</b>, General Manager, UPM Nordland Papier, tel. +49 4963 401 2117<br class="hugin"><b class="hugin">Joe Maher</b>, General Manager, UPM Blandin (contact through Marsha Miller, Communications Support), tel. +1 218 327 5207</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mo-Fr 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" style="border-style&#58;none;"><b class="hugin">About UPM Nordland Papier</b><br class="hugin">UPM Nordland Papier manufactures coated and uncoated fine papers (WFC and WFU) with the annual capacity of 1,400,000 tonnes. Located in Northern Germany the mill employs about 1,600 people.</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM Blandin</b><br class="hugin">UPM Blandin manufactures lightweight coated magazine and catalogue printing papers with the annual capacity of 370,000 tonnes. Located in Minnesota, North America the mill employs about 400 people.</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 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. 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">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" style="border-style&#58;none;"><u class="hugin">Follow UPM on</u> <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;//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
Excellent quarter, further steps in transformation2017-10-24T06:35:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Interim Report &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;24 October 2017 at 09&#58;35 EET</p> <p class="hugin"><b class="hugin">Excellent quarter, further steps in transformation</b></p> <p class="hugin"><b class="hugin">Q3 2017 highlights</b></p> <ul class="hugin"> <li class="hugin"> <div class="hugin">Comparable EBIT increased by 12% to EUR 351 million (314 million in Q3 2016).</div> </li> <li class="hugin"> <div class="hugin">Good growth in deliveries and strong operational efficiency with no significant maintenance activity.</div> </li> <li class="hugin"> <div class="hugin">Strong operating cash flow at EUR 486 million (506 million).</div> </li> <li class="hugin"> <div class="hugin">Net debt decreased to EUR 623 million (1,479 million).</div> </li> <li class="hugin"> <div class="hugin">UPM announced a new focused growth project at the UPM Chudovo plywood mill in Russia.</div> </li> <li class="hugin"> <div class="hugin">UPM announced the next step towards entering a new sustainable biochemicals business.</div> </li> </ul> <p class="hugin"><b class="hugin">Q1-Q3 2017 highlights</b></p> <ul class="hugin"> <li class="hugin"> <div class="hugin">Comparable EBIT increased by 8% to EUR 926 million (859 million in Q1-Q3 2016).</div> </li> <li class="hugin"> <div class="hugin">Solid profit performance continued through a turn in input cost environment.</div> </li> <li class="hugin"> <div class="hugin">Growth initiatives contributed to the comparable EBIT growth.</div> </li> <li class="hugin"> <div class="hugin">Strong operating cash flow at EUR 1,151 million (1,281 million).</div> </li> <li class="hugin"> <div class="hugin">UPM announced focused growth investments at the Kaukas pulp mill and the Tampere label stock factory.</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;"> Q3/2017 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q3/2016 </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;"> Q1-Q3/2017 </td> <td align="center" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;"> Q1-Q3/2016 </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"> 2,493 </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"> 2,464 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 7,439 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 7,336 </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"> 425 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 423 </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"> 1,180 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,210 </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"> 17.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 17.3 </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"> 15.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 16.5 </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"> 379 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 364 </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"> 960 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 903 </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"> 351 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 314 </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"> 926 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 859 </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"> 14.1 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 12.8 </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"> 12.4 </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"> 11.6 </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"> 357 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 336 </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"> 914 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 848 </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"> 328 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 288 </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"> 878 </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"> 1,089 </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"> 286 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 268 </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"> 730 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 693 </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"> 267 </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"> 205 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 707 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 659 </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"> 0,54 </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"> 0.38 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.37 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.30 </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"> 0.50 </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"> 0.39 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.32 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1.23 </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"> 13.9 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 13.8 </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"> 11.7 </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"> 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"> 13.0 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 12.1 </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"> 11.4 </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"> 10.9 </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"> 14.8 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 13.4 </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"> 12.2 </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"> 10.5 </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"> 13.6 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 11.5 </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"> 11.7 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10.5 </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"> 486 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 506 </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"> 1,151 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,281 </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"> 0.91 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.95 </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"> 2.16 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 2.40 </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"> 15.61 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.75 </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"> 15.61 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 14.75 </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"> 10,098 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10,463 </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"> 10,098 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 10,463 </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"> 623 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,479 </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"> 623 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 1,479 </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"> 0.41 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.94 </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"> 0.41 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 0.94 </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"> 19,335 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,559 </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"> 19,335 </td> <td align="right" bgcolor="#F2F2F2" class="hugin" style="border-style&#58;none;" valign="bottom"> 19,559 </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 Q3 result&#58;</b></p> <p class="hugin">&quot;The third quarter was another excellent quarter for UPM. The markets were favourable and we achieved good growth in delivery volumes. We also succeeded in mitigating input cost inflation with sales price increases and cost efficiency measures. Our operational efficiency was strong in a quarter with no significant maintenance activity. </p> <p class="hugin">Our comparable EBIT increased by 12 per cent to EUR 351 million. Operating cash flow was strong at EUR 486 million and net debt decreased to EUR 623 million, representing 0.4 times EBITDA.</p> <p class="hugin">UPM Biorefining benefitted from higher pulp prices and good delivery growth. UPM Raflatac, UPM Specialty Papers and UPM Plywood were able to largely offset higher input costs by increasing deliveries and sales prices. In UPM Energy the hydropower generation recovered to normal level. </p> <p class="hugin">UPM Paper ENA was able to report the best quarter of this year, despite the significant increase in fibre costs. This is the outcome of consistent and continuous work for cost efficiency and competitiveness as well as the stringent execution of commercial strategies. In order to succeed also next year, we need to take timely measures in capacity management and cost savings.</p> <p class="hugin">In addition to our strong performance we are pleased to see good progress in our transformation, including our initiatives for future growth. </p> <p class="hugin">This morning we announced another growth project in our top-performing plywood business. The expansion of the UPM Chudovo plywood mill in Russia will enable us to grow in attractive plywood segments in a highly competitive way. Our ongoing growth projects in pulp and in self-adhesive labels are proceeding well and will strengthen our position in the growing markets in 2018. UPM Kymi pulp mill expansion is already starting production in the fourth quarter. </p> <p class="hugin">UPM aims to grow in new biomolecule businesses. I'm pleased to say that the Lappeenranta Biorefinery has now reached the designed capacity of renewable diesel and naphtha and generates a good financial return. The biorefinery was the first significant investment in new innovative wood-based products. Today we reported on our progress towards entering a new sustainable biochemicals business. After more than five years of research and piloting we have now entered the basic engineering phase, targeting industrial scale production of biochemicals in Germany. </p> <p class="hugin">When it comes to longer-term growth opportunities in pulp, 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">Despite seasonal quarterly variations, we have consistently continued our improvement trend in profitability and our financial standing for several years. The third quarter marks the 18th consecutive quarter of improving profits. At the same time with the improving performance, we have proceeded step by step in our business transformation, and this work will continue.&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. Comparable EBIT is expected to increase in 2017 compared with 2016.</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 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">Q4 2017 is expected to include more maintenance activity than Q3 2017 in UPM Biorefining and UPM Paper ENA.</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/2017-10-24-q3" 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 Interim Report for January - September 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">SE&#58; +46856642702<br class="hugin">US&#58; +18557161597<br class="hugin">NO&#58; +4723500211</p> <p class="hugin"><b class="hugin">International telephone numbers with a pin code 53322520#</b></p> <p class="hugin">AU&#58; +61 29253 5844&#160; &#160;<br class="hugin">AT&#58; +43 19282 258&#160; &#160;<br class="hugin">CH&#58; +44 44580 0083&#160; &#160;<br class="hugin">CN&#58; +86 400 681 5421&#160; &#160;<br class="hugin">DE&#58; +49 030 221 510 067&#160; &#160;<br class="hugin">ES&#58; +34 911 143 608&#160; &#160;<br class="hugin">HK&#58; +852 3068 9834&#160; &#160;<br class="hugin">IN&#58; 0018038524634<br class="hugin">IR&#58; +353 1696 8154&#160; &#160;<br class="hugin">IT&#58; +39 2 3604 6798&#160; &#160;<br class="hugin">JP&#58; +81 3 4455 9554&#160; &#160;<br class="hugin">NL&#58; +31 20 716 8427&#160; &#160;<br class="hugin">SP&#58; +65 6307 7610&#160; &#160;<br class="hugin">FR&#58; +33 29092 0977&#160; &#160;</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/2143967/821538.pdf" target="_blank">UPM Interim Report Q3 2017</a></p>GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM moves forward in sustainable biochemicals business 2017-10-24T05:45:00Z<p class="hugin">(UPM, Helsinki, 24 October 2017 at 08&#58;45 EET) - UPM moves forward with the development of biochemicals business by evaluating the potential of building a biorefinery in the Chemical Park Frankfurt-Höchst in Germany. The new-to-the-world biorefinery would combine novel technologies and utilize sustainable wood raw material in an innovative way. This opportunity is the outcome of more than five years of extensive technology development and piloting.</p> <p class="hugin">The planned industrial scale biorefinery would convert wood into bio-monoethylene glycol (bMEG), bio-monopropylene glycol (bMPG) and lignin up to 150,000 metric tons per year. Production would be based on hardwood from sustainably managed forests in Central Europe.</p> <p class="hugin">Application areas for bio-monoethylene glycol include textiles, bottles, packaging and deicing fluids. Bio-monopropylene glycol is used for example in composites, pharma and cosmetics or detergents. Lignin can be used for example in wood resins, plastics or foams and coatings. Recently, UPM Plywood introduced WISA BioBond gluing solution that replaces fossil-based phenol with lignin in plywood products.</p> <p class="hugin">UPM will now proceed with a detailed commercial and basic engineering study to verify the attractiveness of the business case. The estimated duration of this phase is about 12 months. If all preparation phases are concluded successfully, UPM would initiate the company's standard procedure of analysing and preparing an investment decision.</p> <p class="hugin">&quot;We are truly excited about this opportunity to bring bio-based products to the market, which would enable replacement of fossil-based materials with new renewable alternatives&quot; says <b class="hugin">Juuso Konttinen</b>, Vice President, UPM Biochemicals.</p> <p class="hugin">&quot;Renewable raw material and efficient processes enable significant reductions in CO<sub class="hugin" style="vertical-align&#58;baseline;font-size&#58;0.8em;">2</sub> footprint compared to fossil-based products. Furthermore, wood as a second generation raw material does not compete with food production. These are compelling sustainability arguments for brand owners and their businesses.&quot; </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Juuso Konttinen, Vice President, UPM Biochemicals, tel. +358 40 531 7405 (Finnish, English)<br class="hugin">Michael Duetsch, Director, UPM Biochemicals, tel. +49 821 3109 130 (German, English)</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</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> <p class="hugin"><b class="hugin">Chemical Park Frankfurt Höchst</b><br class="hugin">Industriepark Höchst is home to around 90 companies in pharmaceuticals, biotechnology, basic and specialty chemicals, crop protection, food additives and services. Some 22,000 people come to work at Industriepark Höchst. The site covers 460 hectares (1,137 acres). The companies at the park invested around EUR 341 million in the site in 2016. Total investment since 2000 amounts to roughly EUR 7 billion.</p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM seeks growth in attractive plywood segments by expanding the competitive UPM Chudovo plywood mill in Russia2017-10-24T05:15:00Z<p class="hugin">(UPM, Helsinki, Finland, 24 October 2017 at 08&#58;15 EET) - UPM further strengthens its position as the leading plywood manufacturer in Europe. Following successful growth investments in Finland and Estonia over the past few years, UPM expands its Chudovo plywood mill in Russia by investing EUR 50 million. The project will increase the mill's production capacity by 45,000 to 155,000 m<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">3</sup> while also broadening the mill's product portfolio. In addition to the production capacity growth, a new bio heat boiler will be built at the mill site. </p> <p class="hugin">&quot;The expansion of the Chudovo mill is an important step in executing our strategy. Our goal is to further strengthen our leading position in priority end-use segments. New competitive birch plywood capacity improves our ability to respond to growing demand in our key markets, while delivering industry-leading quality and reliability,&quot; says <b class="hugin">Mika Sillanpää</b>, Executive Vice President of UPM Plywood.</p> <p class="hugin">The expansion project consists of new plywood production lines including all machinery needed for veneer and plywood manufacturing. The expansion will be realised using mainly existing facilities, infrastructure and resources. More than 40% of the subcontracting related to the investment will be sourced locally. The expansion is estimated to create roughly 100 new jobs both directly at the mill and indirectly, for example, in wood procurement and logistics.</p> <p class="hugin">The new 19 MW bio heat boiler will decrease the consumption of fossil fuels at the mill. Most of the heat energy for the mill will be generated by using biological by-products from plywood production such as bark, chips and dust. </p> <p class="hugin">The project is estimated to be completed by the end of 2019. During the expansion production at the mill will continue normally.</p> <p class="hugin"><b class="hugin">For more information, please contact&#58;</b><br class="hugin">Mika Kekki, Vice President, Production &amp; Operations, UPM Plywood, tel. +358 40 545 5803<br class="hugin">Anatoli Zhukovets, General Director, UPM Chudovo, tel. +7 921194 60 80 </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 Chudovo</b><br class="hugin">UPM Chudovo mill is one of the nine UPM Plywood mills. It employs directly approximately 600 people and the annual capacity is 110,000 m<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">3</sup> of birch plywood. Annual birch veneer log supply is 300,000 m<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">3</sup>. All the wood for the mill is sourced from sustainably managed forests. UPM Chudovo has FSC certificate on controlled wood sourcing.</p> <p class="hugin">UPM Chudovo plywood mill produces coated and uncoated birch WISA plywood e.g. for construction, vehicle flooring and LNG carriers. The mill's products are granted international VTT's and DIN Otto Graf's certificates, the Governmental Standard equivalence certificate and the Russian Federation health certificate. The mill also received DNV ISO 9001 and 14000. In addition, the mill is following the OHSAS 18001 standard.</p> <p class="hugin">UPM Chudovo mill is the largest taxpayer and one of the biggest industrial employers in Chudovo region. The mill's history dates back to 1990 as the first Soviet-Finnish joint venture. UPM became its' sole owner in 2005. - <a class="hugin" href="http&#58;//www.wisaplywood.com/ru" target="_blank">www.wisaplywood.com/ru</a></p> <p class="hugin"><b class="hugin">UPM in Russia</b><br class="hugin">UPM has been trading with Russia from the end of the 19<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">th</sup> century. Currently UPM exports paper and label materials to Russia, sources wood and owns plywood mill in Novgorod region. Trade operations and logistics are managed from offices located in Moscow and Saint-Petersburg. - <a class="hugin" href="http&#58;//www.upm.ru" target="_blank">www.upm.ru</a></p> <p class="hugin"><b class="hugin">UPM Plywood</b> manufactures high-quality WISA® plywood and veneer products mainly for construction and transport industries and the new thermo-formable UPM Grada® wood material for the form pressing industry. The sales of UPM Plywood in 2016 were EUR 444 million and it has about 2,400 employees. UPM Plywood has six plywood mills and a veneer mill in Finland, and plywood mills in Russia and Estonia - <a class="hugin" href="http&#58;//www.wisaplywood.com" target="_blank">www.wisaplywood.com</a>, <a class="hugin" href="http&#58;//www.upmgrada.com" target="_blank">www.upmgrada.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/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|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac introduces new labeling solutions for medical device and healthcare applications in CPhI2017-10-17T08:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 17 October 2017 at 11&#58;00 EET) - UPM Raflatac will be present at the CPhl Innopack exhibition on 24-26 October 2017 in Frankfurt, Germany. Visitors will have the opportunity to discuss market developments and the latest solutions with UPM Raflatac's pharmaceutical labeling experts in Hall 4.2, Stand 42J50. </p> <p class="hugin">UPM Raflatac will launch a brand new product range for medical device and healthcare industry. New RPMD is a multi-faceted adhesive that is ideal for labeling medical devices. Selection of different face materials with new RPMD adhesive are specially designed for different medical device sub-segments such as sterilization wraps and bags, infusion bags and bottles, drug-device combinations like pens, auto-injectors and inhalers and blood donation labeling. RPMD adhesive combines excellent adhesion with a tight mandrel hold on glass and plastic and is sterilization resistant and migration safe.</p> <p class="hugin">&quot;In April 2017 the EU Commission formally adopted two new regulations on medical devices and in vitro diagnostic medical devices. One of the main regulatory updates is the implementation of a Unique Device Identification system (UDI) that provides a globally harmonized and consistent approach for the marking and identification of medical devices&quot;, comments <b class="hugin">Markku Pietarinen</b>, Manager, Business Segments &amp; Pharma, Specials EMEIA. &quot;A UDI is a code printed on a label affixed to a device or its packaging, or even directly on the device itself, in both plain text and machine-readable format. All medical devices available in the EU must comply with the new regulations by April 2020, with the deadline for in vitro diagnostic devices falling two years later, in 2022.&quot;&#160;</p> <p class="hugin">Among UPM Raflatac's most recent innovations is also a range of pharmaceutical labeling materials which support compliance with the Falsified Medicines Directive (2011/62/EU) regarding packaging for prescription drugs and high-risk, over-the-counter medicines.&#160;An estimated 30 billion such packs issued annually are affected in the EU. The deadline for compliance is February 2019 in the majority of EU member states.</p> <p class="hugin">The RP62 EU adhesive supplied with these tamper-verification products creates cardboard tear on typically used cardboard cartons carrying a water-based varnish. Our paper-based and filmic label faces all pair with RP62 EU adhesive are supporting legislative requirements for individually authenticated, tamper-evident packs, protecting the supply chain from counterfeits.</p> <p class="hugin"><a class="hugin" href="http&#58;//www.upmraflatac.com/emea/en/solutions-and-services/labeling-solutions/pharmaceutical-and-health-care" target="_blank">Read more about our pharmaceutical &amp; healthcare labeling solutions!</a></p> <p class="hugin">Photos can be downloaded at the <a class="hugin" href="http&#58;//pet.upm.com/l/qfvzt6mbGwZd" target="_blank">UPM Photo Library »</a> </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Markku Pietarinen, Manager, Business Segments &amp; Pharma, Specials EMEIA, tel. + 358405434658</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
Invitation to UPM's press conference and webcast on Interim Results for the third quarter of 20172017-10-17T07:00:00Z<p class="hugin">(UPM, Helsinki, 17 October 2017 at 10&#58;00 EET) - UPM will publish its third quarter 2017 results on 24 October 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 24 October 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/2017-10-24-q3" 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 Interim Report for January - September 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">SE&#58; +46856642702<br class="hugin">US&#58; +18557161597<br class="hugin">NO&#58; +4723500211</p> <p class="hugin"><b class="hugin">International telephone numbers with a pin code 53322520#</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">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<br class="hugin">FR&#58; +33 29092 0977</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
EU Commission VP Maros Sefcovic visits UPM Kaukas: focus on renewable energy and climate change mitigation2017-10-13T07:00:00Z<p class="hugin">(UPM, Helsinki, 13 October 2017 at 10&#58;00 EET) - UPM was honoured to welcome European Commission Vice President <strong class="hugin">Maroš Šefcovic</strong>, responsible for the Energy Union, to the UPM Kaukas Mill site in Lappeenranta Finland today. The visit was hosted by UPM's President and CEO, <strong class="hugin">Jussi Pesonen</strong>.</p> <p class="hugin">During the visit UPM presented its UPM Biofore strategy designed to create sustainable solutions and new innovations from renewable raw materials that provide options to reduce emissions and mitigate climate change. </p> <p class="hugin">Pesonen called for EU regulation that ensures the right framework for companies to invest and provide innovative solutions to reduce emissions.</p> <p class="hugin">&quot;The European Union has set a target to be the world leader in renewable energy in the 2020s. UPM is definitely able to support this ambitious goal. Therefore it is of the utmost importance that EU institutions provide long-term regulatory certainty, clear rules on biomass sustainability, and a framework for the increased use of sustainable advanced biofuels in transport,&quot; says Pesonen. </p> <p class="hugin">The EU Commission Vice President toured the UPM Kaukas Mill complex - a unique and versatile bioindustry site producing pulp, paper, timber and biofuels out of renewable wood-based raw materials. The site also encompasses a UPM Research Centre and a UPM Wood Sourcing and Forestry unit. </p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Marko Janhunen, Vice President, Stakeholder Relations, Biorefining, tel. <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+358 204 15 0572<a title="Call&#58; +358 204 15 0572" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +358 204 15 0572" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span>&#160; </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. <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+358 40 588 3284<a title="Call&#58; +358 40 588 3284" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +358 40 588 3284" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><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 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

​​​​​​​​​​​​