Upm

UPM has issued a profit warning for the full year due to a decrease in pulp prices and lower deliveries “in most businesses”.

UPM has announced plans that could result in the loss of more than 100 jobs at its Fibres operation, as well as temporary layoffs.

The UPM Kaukas and UPM Kymi pulp mills in Finland will adjust their production temporarily to meet market conditions.

New collective labour agreements have been agreed between UPM and the Finnish Paper Workers’ Union.

UPM has unveiled plans to close its Hürth newsprint mill, near Cologne, and decommission a fine paper machine at its Nordland Papier plant near Dörpen in Germany.

News that Finnish labour unions have extended their strike action by another week has been greeted with dismay by the industry.

UPM Raflatac (5-H49) has unveiled its expanded Graphics Solutions product range at Fespa Global Print Expo.

Deliveries from Finnish paper mills are being impacted by a fortnight-long strike that is hitting operations at the country’s ports and freight network.

UPM has reported on a “very challenging” 2023 that saw its sales fall and operating profits more than halved.

Heinzel Group has completed the acquisition of the Steyrermühl paper mill in Upper Austria from UPM, marking the end of a sale first signed in 2022.

UPM Pulp, UPM Timber, UPM Communication Papers, and UPM Biofuels are set to start change negotiations on around 2,200 possible temporary layoffs.

UPM has been named industry leader in environmental sustainability in the Paper and Forest Products sector in the Dow Jones European and World Sustainability Indices (DJSI).