UPM's new business structure will sharpen operational focus and facilitate portfolio change
Profit improvement target of EUR 400 million from performance improvement and focused growth initiatives
UPM will implement a new business structure to drive clear change in profitability. The company will also seek to simplify and further develop its business portfolio.
UPM's new strucure will consist of the following Business Areas and reporting segments: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and UPM Plywood. Forests and wood procurement will be reported in Other operations. The new structure will be valid as of 1 November 2013.
The new Paper Business Areas will be located at the centers of their markets. UPM Paper Asia will be headquartered in Shanghai, China, and UPM Paper Europe in Augsburg, Germany. The Group Head Office will remain in Helsinki, Finland.