(UPM, Helsinki, 2 April 2014, at 13:00 EET) – UPM is proceeding as planned with its EUR 160 million investment to increase pulp production at the Kymi mill in Kouvola, Finland. The company has signed agreements within the KYMI-700 project concerning the planning, new debarking plant and pulp drying machine as well as modernisation of the softwood fibre line. The parties have agreed not to disclose the value or further details of the agreements.
The KYMI-700 project consists of a new debarking plant, a new pulp drying machine and modernisation of the softwood fibre line. The project will be completed in the final quarter of 2015.
The planning of the KYMI-700 project has been commissioned from the local engineering office CTS Engtec Oy. Raumaster from the Finnish city of Rauma will supply the new debarking plant. The complementary pulp drying machine and modernisation of the fibre line will be supplied by the Austrian company Andritz. Supply of the rest of the equipment and systems will proceed according to the plan.
With this investment UPM Kymi mill’s annual pulp production capacity will increase by 170,000 tonnes up to 700,000 tonnes of bleached northern softwood and birch pulp. The investment forms a significant part of UPM’s target to reach a 10% increase in its 3.3 million tonne pulp capacity over the next three years.
UPM announced the investment by a release dated 28 February 2014.
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Notes to editors
UPM Kymi is a modern and environmentally efficient mill integrate producing pulp, paper and energy. Kymi produces bleached softwood and hardwood kraft pulp as well as coated and uncoated fine paper. UPM Kymi employs about 600 people and is located in South East Finland in Kouvola.
UPM Pulp is one of the world’s leading producers of northern softwood, birch and eucalyptus pulp supplying global customers mainly in the growing end use segments such as tissue, speciality papers and board through its own sales and technical service network close to customers. UPM Pulp operates four modern pulp mills, three in Finland and one in Uruguay, as well as eucalyptus plantations in Uruguay. UPM Pulp employs approximately 1,500 people and has an annual pulp production capacity of 3.3 million tonnes. Pulp Business is part of the UPM Biorefining Business Area. To learn more, visit: www.upm.com/pulp
Through the integration of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. UPM products are made of renewable raw materials and are recyclable. The Group serves customers worldwide, employs around 21,000 people and its annual sales are approximately € 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM – The Biofore Company – www.upm.com