UPM-Kymmene Corporation has established a company for wood procurement in the Baltic countries. The company, UPM-Kymmene Forest AS, will be responsible for the pulpwood and wood chip deliveries from and via the Baltic countries to UPM-Kymmene's Finnish mills as well as birch log deliveries to UPM-Kymmene's plywood mill, FSS Plywood AS, located in Otepää, Estonia. The mill uses currently approximately 60,000 cubic metres of raw wood material annually.
It is estimated that the fibre raw material deliveries exported from the Baltic countries to Finland will increase up to more than one million cubic metres annually in the next few years.
UPM-Kymmene Forest AS is based in Tallinn, Estonia. Forester Tönis Mäerand has been appointed as Managing Director of the company. He has previously worked as Chairman of AS Forestex, a company earlier in charge of UPM-Kymmene's wood procurement in Estonia. UPM-Kymmene withdrew from the ownership of AS Forestex as part of a transaction in Estonia with Stora Enso, finalised on May 23, 2003.
For more information, please contact:
Hannu Vainio, Vice President, Wood procurement Finland, tel. +358 204 163 800,
mobile +358 400 231 885
Pekka Rajala, Deputy Forest Director, tel. +358 204 163 802, mobile +358 400 269 533
June 2, 2003