multilang-release
UPM-Kymmene Corporation Stock Exchange Release (Inside Information) 26 August 2020 at 13:00 EET
UPM plans restructuring and streamlining to ensure performance
To ensure future competitiveness of UPM Communication Papers, UPM announces plans for permanent closing of UPM Kaipola paper mill in Finland, sale of UPM Shotton paper mill in Wales and streamlining Communication Papers business function teams. In addition, UPM Biorefining and UPM Specialty Papers announce plans for reorganising and streamlining activities in Finnish pulp mills, UPM Forest and UPM Tervasaari mill in Finland. The planned actions would result in annual cost savings of EUR 75 million. Dec…
Read the full article at: https://www.globenewswire.com/news-release/2020/08/26/2083863/0/en/UPM-plans-restructuring-and-streamlining-to-ensure-performance.html