Upm

UPM reports on 2023

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

Heinzel's newly purchased Steyrermühl mill (left) neighbours its existing Laakirchen mill (right)

Heinzel completes Steyrermühl mill purchase

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.

The change negotiations cover around 90 employees at the UPM Biofuels Lappeenranta biorefinery. Image: Google Maps

UPM businesses to start change negotiations on possible temporary layoffs

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

UPM achieves sustainability accolade

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).