UPM ForMi wins Technology Innovation Award for plastic industry in China

Press Release 16.9.2013 17:00 EEST

(UPM, Helsinki, September 16, 2013) – UPM's biocomposite, UPM ForMi has been awarded in the 2013 Ringier Technology Innovation Awards for the Plastic Industry in the category of Materials & Auxiliaries. The award which recognises the innovation in China’s plastic industry is presented by Ringier Trade Media Ltd. and its magazine International Plastics News for China.

The independent panel of judges commended UPM ForMi for its excellent product properties and innovative technology. UPM ForMi was also highlighted for its environmentally responsible and sustainable development concept.

"UPM ForMi biocomposite is used to replace plastic in many applications, from speakers to furniture and consumer electronics. I’m very happy that our environmentally responsible product is noticed also in China," says Stefan Fors, Director at UPM ForMi.

With UPM ForMi, up to 50% of oil-based plastics can be replaced with renewable wood-based fibres. The advantage of the wood-based fibre is its lower carbon footprint and it is certified as coming from sustainably managed forests.

Since its launch in 2006, the Ringier Technology Innovation Awards have encouraged, acknowledged and rewarded those individuals and companies who have introduced and developed a new idea, a new method, or a new product or technology for e.g. manufacturing production efficiency, which might result in energy saving and more responsible clean manufacturing in the plastics industry. This year, the Plastics Industry Innovation Awards attracted 95 entries from 89 international and local companies.

For further information, please contact:
Stefan Fors, Director, UPM ForMi, tel. +358 40 571 3338

Liu Jianguo, Secretary of Plastic Trade Association of Shanghai, and a member of the Judges Panel for Ringier Innovation Award 2013 (left) handed over the award to Zhang Yan, General Manager & Site Manager, UPM Asia R&D Center, and Han Dayong, Application Manager, UPM Asia R&D Center.

UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284

UPM ForMi is a new, durable, high quality biocomposite material intended for use in injection moulding production. Made of renewable fibres and plastic, the compound is safe, odourless and uniform in quality. UPM ForMi is manufactured from pure polymers and pulp, and is ideal for industrial as well as consumer product applications. UPM's supply chain and the use of renewable raw materials ensure that the new composite also has a small carbon footprint. www.upmformi.com

UPM leads the integration of bio and forest industries into a new, sustainable and innovation-driven future. Our products are made of renewable raw materials and are recyclable. UPM consists of three Business Groups: Energy and pulp, Paper, and Engineered materials. The Group employs around 22,000 people and it has production plants in 17 countries. UPM's annual sales exceed EUR 10 billion. UPM's shares are listed on the Helsinki stock exchange. UPM – The Biofore Company – www.upm.com