UPM acquires minority of shares of a wood procurement company in Germany

Archive 19.8.2004 0:00 EEST

UPM has today acquired a minority of shares of Lignis GmbH & Co. KG. Lignis is a German company established by local forest owners. It has access to some 60,000 hectares of forest land in Southern and Western Germany owned by Lignis' shareholders and partners, and it harvests and trades annually about 500,000 cubic metres of wood.

The partnership between Lignis and UPM will open new form of cooperation in the field of wood sourcing. It will also strengthen both companies' position in wood supply market in Central Europe.

For further information, please contact:

Mr. Jaakko Sarantola, Senior Vice President, Forestry and Wood Sourcing,
tel. +358 2041 50789, e-mail: jaakko.sarantola@upm-kymmene.com

Mr. Bernd Keller, Director, Wood Procurement, Central Europe
tel. +49 821 3109-255, e-mail: bernd.keller@upm-kymmene.com


Corporate Communications
August 19, 2004