UPM Plywood​

UPM Plywood offers plywood and veneer products, mainly for construction, vehicle flooring and LNG shipbuilding, as well as other manufacturing industries. UPM is the leading plywood supplier in Europe, with production facilities in Finland, Estonia and Russia.

​Our direction

  • Profitable growth through customer oriented service and operational excellence
  • Strengthen our market position in selected businesses by increasing value and service offering

Our strength

  • Reliable supplier with consistent high quality
  • Superior customer service
  • Leading supplier in demanding end-use segments
  • Strongest brand in the market – WISA®

UPM Plywood value created

Important Image

Markets and drivers

  • In 2015, plywood demand in Europe is estimated to have increased slightly. Demand grew in both industrial applications and construction-related end-use segments.
  • The plywood market in Europe was in balance during the first half of 2015. Low-priced imports increased over the course of the year, leading to price pressure in some product segments in the fourth quarter.
  • Plywood demand is driven by activity in the building and construction and furniture industries as well as industrial end-use segments such as transportation.
  • In the building and construction industry, wood material is increasingly used because it is a cost effective material and a renewable resource.
  • In the transportation industry, construction of LNG vessels is driven by global demand for LNG. Road transportation is growing for the benefit of trade, requiring environmentally sound trailer solutions.

Key figures

​Sales, EURm ​439​440
​Operating profit excl. special items, EURm​55​44
​as % of sales ​12.5​10.0
​Capital employed (average), EURm​263​268
​ROCE excl. special items, %​20.9​16.4

Business areas

Driving for top performance in all business areas

UPM as an investment

Targeting attractive total return

Financial targets

Profitability improved in 2015