(UPM, Helsinki, 21 August 2008 at 9:30) - UPM has decided to continue the temporary shutdown in its fine paper mill in Germany. The temporary shutdown of PM 2 of Nordland Papier will continue until the end of the year. The curtailment will be continued due to further weakened fine paper demand as well as the continued overcapacity. The annual production capacity of PM 2 is 200,000 tonnes of fine paper.
In April 2008, UPM announced temporary shutdowns in its fine paper mills in Central Europe for one to three months to address the poor profitability of certain businesses.
For more information, please contact:
Mr Ruud van den Berg, Senior Vice President, Sales& Marketing, Fine papers,
tel. +358 40 5322902