UPM invests in its Kymi mill to strengthen its position in the global pulp market
(Thomson Reuters ONE) -
(UPM, Helsinki, 4 July 2016 at 8:30 EET) - UPM invests EUR 98 million in Kymi
pulp mill in Finland to further strengthen its position as a supplier of
bleached chemical pulp for growing consumer and industrial end-use segments like
tissue, specialty as well as packaging papers and board.
"Over the past three years we have significantly improved the production
efficiency of our pulp mills. This EUR 98 million investment in Kymi will
strengthen our position on the pulp market with competitive costs and low risk.
After the completion of this project, we will have increased our annual pulp
production capacity altogether by over 500,000 tonnes since 2013," says Heikki
Vappula, Executive Vice President, UPM Biorefining.
"After the successful start-up of the new pulp drying machine at the end of
2015, Kymi's efficiency has been on a very good level and we identified
potential for even further increases in production. Today's announcement is yet
another example of highly targeted investments that provide a good return, which
we have implemented in all our three pulp mills in Finland - Pietarsaari, Kymi
and Kaukas - and in the Fray Bentos mill in Uruguay," says Anssi Klinga, Senior
Vice President, UPM Pulp.
Kymi's annual pulp production capacity is expected to increase from the current
700,000 tonnes to 870,000 tonnes of bleached northern softwood and birch pulp by
the end of 2017. Moreover, the new investment will further improve Kymi's cost-
competitiveness and environmental performance.
The investment at Kymi mill will begin immediately, comprising upgrades in wood
handling, the birch fibre line, recovery plant and effluent treatment. New
machinery will be connected to the process during the next pulp mill shut-down
planned for the autumn of 2017.
In UPM's Kaukas mill in Lappeenranta, Finland, assembly work on the currently
ongoing EUR 50 million investment in pulp drying and baling will take place
during a planned shutdown in the autumn, followed by start-up scheduled for the
end of 2016.
During the past few years UPM Pulp has established a strong position on the pulp
market and developed a versatile and attractive pulp portfolio with an appealing
service offering. UPM's competitive and modern mills are in excellent shape and
provide a perfect platform for further growth in cooperation with customers.
For more information, please contact:
Anssi Klinga, Senior Vice President, Pulp Business, tel. +358 50 466 1470
Heikki Vappula, Executive Vice President, UPM Biorefining, tel. +358 400 912 908
Press conference today at Kymi mill
UPM will hold a press conference today at Kymi mill in Kouvola, Finland. Address
Selluntie 1, Kuusankoski, at 11:00 EET. The event will be hosted by Anssi Klinga
and Markku Laaksonen, General Manager, UPM Kymi. Contact: Sari Hörkkö, UPM Pulp
Communications, tel. +358 40 701 5901.
Photos from Kymi: http://pet.upm.com/l/mSmsWp_gFd9Q
UPM, Media Relations
9.00-16.00 EET
tel. +358 40 588 3284
media(at)upm.com
UPM Kymi
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 700 people and
is located in south-east Finland in Kouvola. www.upmpulp.com > About us > Pulp
mills > Kymi, www.upmkymi.fi
UPM Pulp
UPM is one of the world's leading producers of northern softwood, birch and
eucalyptus pulp. We supply global customers in end use segments such as tissue,
specialty, and packaging as well as printing and writing papers, and board,
through our 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.
The annual pulp production capacity is 3.5 million tonnes. Pulp Business is part
of the UPM Biorefining Business Area. www.upmpulp.com
UPM
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 ENA and UPM Plywood. Our products are made
of renewable raw materials and are recyclable. We serve our customers worldwide.
The group employs around 19,600 people and its annual sales are approximately
EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore
Company - www.upm.com
Follow UPM on Twitter | LinkedIn | Facebook | YouTube | Instagram |
upmbiofore.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: UPM via GlobeNewswire
[HUG#2025014]
Unternehmensinformation / Kurzprofil:
Datum: 04.07.2016 - 07:30 Uhr
Sprache: Deutsch
News-ID 481339
Anzahl Zeichen: 5616
contact information:
Town:
Helsinki
Kategorie:
Business News
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