UPM to Close Its Myllykoski Paper Mill

HELSINKI, FINLAND—Nov. 3, 2011—UPM will permanently cease production at the Myllykoski paper mill by the end of this year. The company and its employees were unable to establish a way to meet the commercial requirements for continuation of operations at the mill during employee negotiations. In addition, the manufacterer is cutting down its overlapping operations in paper sales, the supply chain and its functions in Finland.