​​​​UPM Biorefining

UPM Biorefining consists of pulp, timber and biofuels businesses. UPM has three pulp mills in Finland and one mill and plantation operations in Uruguay. UPM operates four sawmills in Finland. UPM‘s biorefinery producing wood-based renewable diesel started up in early 2015. Its main customers are tissue, speciality paper and board producers in the pulp industry, fuel distributors in the biofuel industry and construction and joinery industries in the timber sector.​

​Our direction

  • In Pulp: Provide customers with direct access to the most versatile pulp range and advanced technical service. Maintain cost competitiveness through continuous operational improvement. Grow as a responsible and cost-efficient pulp supplier.
  • In Biofuels: Provide unique wood-based advanced biofuels in various markets and segments, achieve top performance at UPM Lappeenranta Biorefinery, evaluate opportunities for scaling up biofuels business.
  • In Timber: Enhance profitability through efficient use of wood supply, integrated full-production and sharpened commercial strategy. New customer promise “Grown to Sustain” will strengthen the competitive advantages of UPM Timber on strategic markets.

Our strengths

  • Versatile range of sustainably produced pulp grades suitable for a wide range of end-uses
  • Modern, efficient mills and business committed to growth
  • Responsibility integrated in all operations from wood sourcing to logistics
  • Established producer of advanced renewable diesel
  • Competitive sawmills with skilled own global sales network
  • Synergistic supply chain of wood for sawn timber, pulp and renewable diesel

UPM Biorefining value created

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Important Image

Growth drivers

Pulp and timber

  • Private consumption in versatile end-uses
  • Population growth, increasing income levels
  • Urban lifestyle
  • Demographic change
  • Future constrains of white recycled fibre supply

Advanced biofuels

  • Climate change
  • Sustainability
  • Low carbon mobility
  • Pressure to reduce greenhouse gas emissions in transport
  • Increasing the EU’s self-sufficiency in energy

Key figures

​Sales, EURm​2,2062,272
​Compareable EBIT, EURm​406​467
% of sales 18.420.6​
​Capital employed (average), EURm​3,231​3,191
​Comparable ROCE , %​12.614.6​
​Personnel on 31 December​2,630​2,593


Business areas

Driving for top performance in all business areas

UPM as an investment

Targeting attractive total return

Financial targets

Profitability improved in 2015