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UPM (company)
Encyclopedia
UPM-Kymmene Corporation is a Finnish
pulp, paper and timber manufacturer
. UPM-Kymmene was formed by the merger of Kymmene Corporation and Repola Ltd and its subsidiary United Paper Mills Ltd in 1996. The company's oldest mill is Papeteries de Docelles located in northeastern France, which produced traditional handpaper at the end of 15th century.
UPM consists of three business groups: energy and pulp, paper, and engineered materials. The Group employs around 24,500 people and it has production plants in 16 countries. UPM shares are listed on the NASDAQ OMX Helsinki stock exchange.
was closed. Nearly 3,000 employees in Finland were laid off. After the closure the area has been transformed into Voikkaa business area.
Also a mill in Miramichi, New Brunswick
was closed in 2007 because of economic pressures in the North American forest industry.
In September 2008 UPM closed Kajaani paper mill and Tervasaari pulp mill. 1,100 employees were laid off. The former premises of the Kajaani mill were turned into a business park called Renforsin Ranta.
In 2009 UPM Shotton Paper won the Queen's Award for Enterprise
.
UPM will begin the production of coated fine paper sheets at its Kymi Mill in Kouvola in autumn 2012.
Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...
pulp, paper and timber manufacturer
Pulp and paper industry
The global pulp and paper industry is dominated by North American , northern European and East Asian countries...
. UPM-Kymmene was formed by the merger of Kymmene Corporation and Repola Ltd and its subsidiary United Paper Mills Ltd in 1996. The company's oldest mill is Papeteries de Docelles located in northeastern France, which produced traditional handpaper at the end of 15th century.
UPM consists of three business groups: energy and pulp, paper, and engineered materials. The Group employs around 24,500 people and it has production plants in 16 countries. UPM shares are listed on the NASDAQ OMX Helsinki stock exchange.
Production
UPM products include pulp, paper, plywood, sawn timber, labels and composites, bioenergy, biofuels for transport, biochemicals and nano products. The company is the world's leading producer of graphic papers and second-largest producer of self-adhesive label materials.Restructuring
Due to worldwide overproduction of paper UPM announced a cost reduction program in 2006. Voikkaa paper mill in KuusankoskiKuusankoski
Kuusankoski is a former industrial town and municipality of Finland, located in the region of Kymenlaakso in the province of Southern Finland. The population of Kuusankoski was 20,392 and the total area was 129.5 km² of which 114 km² was land and 14.56 km² water. It is located some ...
was closed. Nearly 3,000 employees in Finland were laid off. After the closure the area has been transformed into Voikkaa business area.
Also a mill in Miramichi, New Brunswick
Miramichi, New Brunswick
Miramichi is the largest city in northern New Brunswick, Canada. It is situated at the mouth of the Miramichi River where it enters Miramichi Bay...
was closed in 2007 because of economic pressures in the North American forest industry.
In September 2008 UPM closed Kajaani paper mill and Tervasaari pulp mill. 1,100 employees were laid off. The former premises of the Kajaani mill were turned into a business park called Renforsin Ranta.
In 2009 UPM Shotton Paper won the Queen's Award for Enterprise
Queen's Awards for Enterprise
The Queen's Awards for Enterprise is an awards programme for British businesses and other organizations who excel at international trade, innovation or sustainable development. They are the highest official UK awards for British businesses...
.
Investments
In 2010 UPM announced it will acquire Myllykoski corporation and Rhein Papier GmbH, which consists of seven publication paper mills in Germany, Finland and the United States. The transaction has been approved by regulatory authorities in 2011.UPM will begin the production of coated fine paper sheets at its Kymi Mill in Kouvola in autumn 2012.
Biofore
UPM has created the biofore term to describe new forest industry. Bio stands for sustainable solutions and environmental performance. Fore stands for forest and the company's position at the forefront of the development.See also
- AhlstromAhlstromAhlstrom is a Finnish wood processing firm and a global manufacturer of specialty papers and nonwoven materials, using natural and synthetic fibers to produce roll goods for customers who turn them into hundreds of products. Ahlstrom's shares have been traded on the main list of the Helsinki Stock...
- Alholmens Kraft Power StationAlholmens Kraft Power StationThe Alholmens Kraft Power Station is the largest biomass power station in the world, at an installed capacity of 265 MW. The facility employs 400 people and is located at the factory premises of United Paper Mills in Alholmen, Jakobstad in Finland. The plant uses wood-based biofuels as the...
- Stora EnsoStora EnsoStora Enso Oyj is a Finnish pulp and paper manufacturer, formed by the merger of Swedish mining and forestry products company Stora and Finnish forestry products company Enso-Gutzeit Oy in 1998. It is headquartered in Helsinki, and it has approximately 29,000 employees...
- Svenska Cellulosa AktiebolagetSvenska Cellulosa AktiebolagetSvenska Cellulosa Aktiebolaget is a Swedish consumer goods company and pulp and paper manufacturer with headquarters in Stockholm. It has approximately 45,000 employees and a turnover of approximately SEK 107 billion...
- List of Finnish companies