UPM continues to grow in the release liner businessInvestor news 31.1.2018 8:30 EET
(UPM, Helsinki, 31 January 2018 at 08:30 EET) - As the world leader in label papers, UPM continues to grow in the attractive release liner segments to support its customers mainly in Europe and the Americas. Healthy growth is expected to continue in these markets based on general economic conditions, increase in labelling, packaging and e-commerce as well as growth in medical and hygiene products.
UPM expands its glassine and supercalendered kraft (SCK) paper manufacturing capacity by rebuilding a calender at UPM Jämsänkoski Mill in Finland. The additional capacity of approximately 40,000 tonnes/a will be available in Q4/2018. During the expansion, production at the mill will continue normally. UPM has also successfully developed UPM Kymi Mill's capability to produce one side coated products, which will affirm its production capacity levels.
In addition to the Jämsänkoski investment, UPM has decided to conduct a feasibility study on the conversion of the fine paper machine PM2 at Nordland Papier into release liner production. The study is planned to be completed during the first half of 2018.
"UPM Specialty Papers' markets are growing and with the possible machine conversion in Nordland in addition to Jämsänkoski's calender investment, we plan to be part of the growth. Our aim is to be the preferred partner for our customers and enable our customers' growth both regionally and globally," says Bernd Eikens, Executive Vice President of UPM Specialty Papers.
For more information, please contact:
Bernd Eikens, Executive Vice President, UPM, Specialty Papers, tel. +49 160 707 3940
Jaakko Nikkilä, Senior Vice President, UPM, Specialty Papers Europe & North America, tel. +358 40 749 3239
UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
UPM Specialty Papers
UPM Specialty Papers produces labelling and packaging materials to global markets and fine papers to Asian markets. Its main customers are paper converters, distributors, retailers and printers. UPM Specialty Papers is a leader in sustainable development in the industry. Its high performance papers are produced in Finland and China. UPM Specialty Papers employs approximately 1,700 people in Finland, China, United States, Japan, South Korea, Singapore and Australia. www.upmspecialtypapers.com
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UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com