UPM Plans to Cut 1.3 Million Tonnes of Paper Capacity in Europe

The planned measures include:

• permanent closure of the UPM Myllykoski mill in Kouvola in Finland,
• permanent closure of the UPM Albbruck mill in Germany,
• permanent closure of the paper machine #3 at the UPM Ettringen mill in Germany,
• transfer of the sheeting lines from UPM Albbruck mill to UPM Plattling mill in Germany,
• sale or other exit of the UPM Stracel paper mill from UPM Paper Business Group, and
• restructuring of overlapping paper sales and supply chain network as well as global functions.

In addition, UPM plans to temporarily close the paper machine #2 producing uncoated fine paper at UPM Nordland Papier in Germany and streamline operations in Pietarsaari pulp and paper mills in Finland.