The European Commission has imposed UPM a fine of EUR 56.55 million concerning antitrust activities in the market for plastic industrial sacks. Rosenlew's plastic industrial sack business was sold in December 2000. Fines were imposed to several companies.
UPM will review the decision and consider further measures. The European Commission's investigation which has now been ended is not connected to other ongoing forest industry related antitrust investigations.
For more information, please contact:
Mr Petri Meurman, Group Legal Counsel, UPM, tel. +358 204 15 0740
November 30, 2005