Walki Wisa, a part of UPM's Converting Division, will build a converting factory in China to be located in the Riverside Industrial Park, Jiangsu Changshu Economic Development Zone approximately 100 kilometres from Shanghai. The total investment value will be approximately EUR 6 million.
The new factory, Walki Wisa Packaging Paper (Changshu) Co., Ltd., will produce industrial wrapping materials for the Chinese paper industry. Demand for high quality wrapping materials is expected to grow alongside with the country's expanding paper industry. In addition, the new factory will enable flexible production of converted papers also for the packaging industry in China.
The new factory is scheduled to start-up during the first quarter of 2006. Walki Wisa has a printing unit in Shanghai since 2002.
For further information, please contact
Mr Bjarne Sjöblom, Vice President, Walki Wisa Group, tel. +358 400 162942
Walki Wisa
Communications
January 14, 2005
UPM is one of the world’s leading producers of printing papers and the clear market leader in magazine papers. The Group's turnover in 2003 was EUR 10 billion, and it has 34,000 employees. UPM's main products include printing papers, converting materials and wood products. Walki Wisa is one of the world’s biggest manufacturers of barrier-coated and laminated industrial wrapping materials for the paper, steel and wood products industries, and composite barrier material for the packaging industry and technical purposes. Walki Wisa's turnover in 2003 was EUR 300 million and it has 1,100 employees. The production plants are located in Finland, Germany, UK and Sweden.
