UPM Reduces its Coated and Uncoated Magazine Paper Capacity
Helsinki, Finland 20 January 2015 -- UPM permanently closes down paper machine 2 at UPM Kaukas and paper machine 5 at UPM Jämsänkoski in Finland, along with paper machine 1 at the UPM Shotton mill in the UK. Production will be ceased by the end of March 2015 at the latest. Employee consultation processes concerning the closing plans were concluded in mid-January 2015. UPM Jämsä River Mills UPM Jämsä River Mills manufacture uncoated magazine papers (SC), label and packaging papers in the Jämsänkoski unit and coated magazine papers (LWC), directory paper (MFS) and newsprint in the Kaipola unit with a combined annual capacity of 1,600,000 tonnes. Located in Central Finland, the mills employ about 1,000 people. UPM Shotton UPM Shotton Paper manufactures standard newsprint with an annual capacity of 490,000 tonnes. Located in North Wales, United Kingdom, the mill employs about 370 people. UPM Paper ENA in brief UPM Paper ENA (Europe & North America) is the world's leading producer of graphic papers, serving customers in Magazine Publishing & Advertising, Merchants, Home & Office, and Newspaper Publishing. A leader in sustainable and high performance papers, UPM Paper ENA's production is located in Finland, Germany, the United Kingdom, France, Austria, and the United States. With headquarters in Germany, UPM Paper ENA employs approximately 10,000 people. To learn more about UPM Paper ENA, visit: www.upmpaper.com UPM in brief Through the renewing 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. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group 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
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