UPM-Kymmene receives subpoena related to the U.S. labelstock market

Archive 19.8.2003 0:00 EEST

On August 18, 2003, UPM-Kymmene Corporation received a grand jury subpoena in connection to the U.S. Department of Justice Antitrust Division investigation into the U.S. labelstock industry.

In April, the company was informed that the Department of Justice had opened a criminal investigation into possible price-fixing and other forms of collusion in the labelstock industry, and that a grand jury subpoena would be issued.

UPM-Kymmene will respond to the subpoena in due course.

For further information please contact:
Mr. Reko Aalto-Setälä, General Counsel, tel. +358 204 15 0011

UPM-Kymmene Corporation
Corporate Communications
August 19, 2003