UPM is actively developing new technologies and processes for both its current and new business areas. In accordance with our Biofore strategy, we are moving towards a carbon neutral future, where the focus of development is in material and energy efficiency, recycling and recyclability.
For the last 6 to 8 years, UPM has systematically expanded its patent portfolio by efficiently protecting its industrial property rights. We file over 300 new patent applications annually, and industrial property rights often play an important role in various project contracts and co-operative agreements. Approximately ten years ago the situation was very different, as we only filed a few patent applications each year.