UPM Closes Down Paper Machines in Finland and Germany

HELSINKI, FINLAND—April 8, 2013—UPM will permanently close down the paper machine 3 at UPM Rauma mill in Finland and the paper machine 4 at Ettringen mill in Germany by the end of the April 2013. The number of employees will be reduced by 87 in the UPM Rauma mill and by 150 in the UPM Ettringen mill.