| Type | Julkinen osakeyhtiö |
|---|---|
| Traded as | OMX: UPM1V |
| Industry | Paper, pulp and timber |
| Founded | 1996 |
| Headquarters | Helsinki, Finland |
| Key people | Björn Wahlroos (Chairman), Jussi Pesonen (President and CEO) |
| Products | Publication and fine paper, wood products |
| Revenue | €8.924 billion (2010)[1] |
| Operating income | €755 million (2010)[1] |
| Profit | €561 million (2010)[1] |
| Total assets | €13.81 billion (end 2010)[1] |
| Total equity | €7.109 billion (end 2010)[1] |
| Employees | 21,870 (end 2010)[1] |
| Website | www.upm.com |
UPM-Kymmene Corporation (Finnish: UPM-Kymmene Oyj;[2] usually referred to simply as UPM) is a Finnish pulp, paper and timber manufacturer. UPM-Kymmene was formed by the merger of Kymmene Corporation and Repola Ltd and its subsidiary United Paper Mills Ltd in 1996. The company's oldest mill is Papeteries de Docelles located in northeastern France, which produced traditional handpaper at the end of 15th century.
UPM consists of three business groups: energy and pulp, paper, and engineered materials. The Group employs around 24,500 people and it has production plants in 16 countries. UPM shares are listed on the NASDAQ OMX Helsinki stock exchange.
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UPM products include pulp, paper, plywood, sawn timber, labels and composites, bioenergy, biofuels for transport, biochemicals and nano products. The company is the world's leading producer of graphic papers and second-largest producer of self-adhesive label materials.
Due to worldwide overproduction of paper UPM announced a cost reduction program in 2006. Voikkaa paper mill in Kuusankoski was closed. Nearly 3,000 employees in Finland were laid off. After the closure the area has been transformed into Voikkaa business area.
Also a mill in Miramichi, New Brunswick was closed in 2007 because of economic pressures in the North American forest industry.
In September 2008 UPM closed Kajaani paper mill and Tervasaari pulp mill. 1,100 employees were laid off. The former premises of the Kajaani mill were turned into a business park called Renforsin Ranta.
In 2009 UPM Shotton Paper won the Queen's Award for Enterprise.
In 2010 UPM announced it will acquire Myllykoski corporation and Rhein Papier GmbH, which consists of seven publication paper mills in Germany, Finland and the United States. The transaction has been approved by regulatory authorities in 2011.
UPM will begin the production of coated fine paper sheets at its Kymi Mill in Kouvola in autumn 2012.
UPM has created the biofore term to describe new forest industry. Bio stands for sustainable solutions and environmental performance. Fore stands for forest and the company's position at the forefront of the development.
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