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UPM to sell its hydro power facilities in Schongau and Ettringen to erdgas schwabenSystem Account2017-03-22T08:30:00Z<p class="hugin">(UPM, Helsinki, 22 March 2017 at 08&#58;30 EET) - UPM has signed an agreement on the sale of its hydro power facilities in Schongau and Ettringen, Germany to erdgas schwaben gmbh, a regional energy company, located in Augsburg.</p> <p class="hugin">The sale and purchase agreement is still subject to third party approvals. The parties have agreed not to disclose the purchase price. The transaction does not have an effect on the employees working at UPM Schongau and UPM Ettringen mills.</p> <p class="hugin">&quot;erdgas schwaben is a deep-rooted energy company in Bavarian Swabia as well as a pioneer in power generation from renewable energy sources. As an integral part of an energy company the hydro power facilities could be better developed and optimized,&quot; says <b class="hugin">Rainer Häring</b>, Director Energy, Western Europe, UPM Paper ENA.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Rainer Häring, Director Energy, Western Europe, UPM Paper ENA, tel. +49 173 9001470<br class="hugin"> Klaus-Peter Dietmayer, Managing Director, erdgas schwaben gmbh, tel. +49 821 9002 100</p> <p class="hugin"><b class="hugin">For local information, please contact&#58;</b><br class="hugin">Wolfgang Ohnesorg, General Manager, UPM Schongau/Ettringen, tel. +49 8861 213&#160;122</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">About erdgas schwaben</b><br class="hugin">The erdgas schwaben gmbh is a major energy supplier and producer of biogas energy in the region of Bavarian Swabia, Germany. In addition the company offers distribution and power generation made from renewable energy sources. Since 2002 private persons can be part of a local climate change package following the Kyoto protocol. erdgas schwaben employs around 318 people and the headquarter of the company is located in Augsburg, Germany.</p> <p class="hugin"><b class="hugin">About UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while activity fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Annual Report 2016 publishedTarja Sammalkorpi, UPM2017-02-28T07:45:00Z<p>UPM's Annual Report 2016 has been published online at <a href="http&#58;//www.upm.com/" target="_blank"><span style="text-decoration&#58;underline;">www.upm.com</span></a> and <a href="http&#58;//www.upm.fi/" target="_blank"><span style="text-decoration&#58;underline;">www.upm.fi</span></a>. The Annual Report including the company's Financial Statements and the Report of the Board of Directors for the period 1 January - 31 December 2016 is available in English and Finnish as a PDF file on the corporate website. </p><p>UPM has also published its Corporate Governance Statement 2016 and the Remuneration Statement dated 28 February 2017 on the corporate website in the Investors section under Governance (<a href="http&#58;//www.upm.com/governance" target="_blank"><span style="text-decoration&#58;underline;">www.upm.com/governance</span></a>). The statements are available as PDF files in English and in Finnish and can be downloaded. The Annual Report and the statements are also attached to this release.</p><p>UPM's Annual Report illustrates the essential information influencing UPM's long term success. Separate responsibility report is not published, but all information is integrated into one, third-party assured entirety. In the 2016 Annual Report, UPM highlights the results of the company transformation and reports how UPM creates economic, social and environmental value from its operations.</p><p>The printed Annual Report will be published on the week beginning on 13 March. The printed report can be ordered via e-mail at <a href="mailto&#58;info@upm.com" target="_blank"><span style="text-decoration&#58;underline;">info@upm.com</span></a>.</p><p>UPM-Kymmene Corporation<br>Pirkko Harrela<br>Executive Vice President, Stakeholder Relations</p><p><strong>UPM, Media Relations </strong><br>Mon-Fri 9&#58;00-16&#58;00 EET<br>tel. +358 40 588 3284<br><a href="mailto&#58;media@upm.com" target="_blank"><span style="text-decoration&#58;underline;">media@upm.com</span></a></p><p><strong>UPM</strong><br>Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a href="http&#58;//www.upm.com/Pages/default.aspx"><span style="text-decoration&#58;underline;">www.upm.com</span></a></p><p><span style="text-decoration&#58;underline;">Follow UPM on</span> <a href="https&#58;//twitter.com/UPM_News" target="_blank"><span style="text-decoration&#58;underline;">Twitter</span></a> | <a href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;">LinkedIn</span></a> | <a href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;">Facebook</span></a> | <a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;">YouTube</span></a> | <a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;">Instagram</span></a> | <a href="https&#58;//www.upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;">upmbiofore.com</span></a></p><p><a href="http&#58;//hugin.info/165629/R/2081401/784910.pdf" target="_blank"><span style="text-decoration&#58;underline;">UPM Annual Report 2016</span></a></p><p><a href="http&#58;//hugin.info/165629/R/2081401/784911.pdf" target="_blank"><span style="text-decoration&#58;underline;">Corporate Governance Statement 2016</span></a></p><p><a href="http&#58;//hugin.info/165629/R/2081401/784912.pdf" target="_blank"><span style="text-decoration&#58;underline;">Remuneration Statement 28 February 2017</span></a></p>GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Looking for the perfect match?Marja-Leena Vihelä, UPM2017-02-20T10:00:00Z<p class="hugin" style="clear&#58;both;"><img width="229" height="229" align="right" class="hugin" src="https&#58;//hugin.info/165629/I/2079929/115073.jpg" hspace="12" alt="" style="margin-left&#58;0px;" />(UPM, Helsinki, 20 February 2017 at 10&#58;00 EET) - You don't have to wonder anymore, whether and where you can find a suitable paper for your digital printing machine. UPM introduces the DIGI Matchmaker - an <a href="/products/Digital-Printing-Papers" target="_blank">online tool </a>developed to assist in finding the paper perfectly matching your requirements from our UPM Digi papers range.</p> <p class="hugin">Using the DIGI Matchmaker is simple&#58; Once you have chosen the digital printing method of your choice and defined the digital printing machine you are using, the DIGI Matchmaker introduces the perfectly matching results from UPM Digi paper offering.</p> <p class="hugin">UPM is presenting its paper selection for digital printing and the DIGI Matchmaker at Hunkeler Innovationdays 2017, in Lucerne Switzerland on February 20-23. Visit us at our booth in Hall 1 and we will tell you more about the DIGI Matchmaker, UPM Digi papers offering and our services. See you in Lucerne!</p><p class="hugin"><a href="http&#58;//www.upmpaper.com/digimatchmaker">www.upmpaper.com/digimatchmaker</a></p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Ansgar Reiners, Sales Manager, UPM Paper ENA, tel. <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+49 1609 7863 390<a title="Call&#58; +49 1609 7863 390" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +49 1609 7863 390" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span></p> <p class="hugin">Pictures available for downloading at&#58; <a class="hugin" href="http&#58;//pet.upm.com/l/wJN6JxhsXfNt" target="_blank">http&#58;//pet.upm.com/l/wJN6JxhsXfNt</a></p> <p class="hugin"><b class="hugin">About UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while activity fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com/Pages/default.aspx" target="_blank">www.upmpaper.com</a></p> <p class="hugin"><b class="hugin">About UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com</p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Digi papers at Hunkeler Innovationdays 2017System Account2017-02-10T14:12:00Z<p class="hugin">(UPM, Helsinki, 10 February 2017 at 14&#58;00 EET) - UPM will be sharing its paper selection for digital printing at Hunkeler Innovationdays 2017, in Lucerne Switzerland on February 20-23. During the last few years we have focused on developing a comprehensive product offering suitable for vast variety of digital printing techniques and printing machines, not to mention for an abundance of various applications and end use areas. The latest addition to our paper selection are UPM Digi products for highspeed inkjet printing in both reels and sheets.</p> <p class="hugin">&quot;We are prepared for digital sheetfed business and the different technologies, like laser or new Inkjet presses coming to the markets,&quot; says <b class="hugin">Ansgar Reiners</b>, Sales Manager of UPM Digi papers.</p> <p class="hugin">In addition to our versatile paper offering, we also offer a wide range of finishing options, such as tailor-made cutting and packing for different sizes and formats from reels to reams. To serve our customers even better, we recently installed two special digital sheeters with excellent cutting accuracy. Reliable deliveries and our partnership with office equipment manufacturers and merchants ensures best availability in all markets. </p> <p class="hugin">UPM Digi papers are performing live on our partners' HP, Xerox Impika and Screen printing machines at Hunkeler Innovationdays 2017 and you can visit us at our booth in Hall 1 to learn more about the UPM Digi papers offering and our services. See you in Lucerne and stay tuned for news on an exciting UPM Digi papers event launch.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Ansgar Reiners, Sales Manager, UPM Paper ENA, tel. +49 1609 7863 390</p> <p class="hugin">Pictures available for downloading at&#58; <a class="hugin" href="http&#58;//pet.upm.com/l/wJN6JxhsXfNt" target="_blank">http&#58;//pet.upm.com/l/wJN6JxhsXfNt</a></p> <p class="hugin"><b class="hugin">About UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while activity fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin">Follow us on&#160;<a class="hugin" href="https&#58;//twitter.com/UPM_Papers" target="_blank">Twitter</a></p> <p class="hugin"><b class="hugin">About UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com</p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Employee consultation processes at UPM Steyrermühl and UPM Augsburg endedSystem Account2017-02-02T11:30:00Z<p class="hugin" style="border-style&#58;none;">(UPM, Helsinki, 2 February 2017 at 11&#58;30 EET) - UPM has decided to close 305,000 tonnes of graphic paper capacity in Europe. The company permanently closes the paper machine 3 at UPM Steyrermühl, Austria and the paper machine 2 at UPM Augsburg, Germany. <a class="hugin" href="http&#58;//www.upm.com/About-us/Newsroom/Releases/Pages/UPM-Paper-ENA-plans-to-reduce-305%2c000-tonnes-of-graphic-paper-capacity-in-Europe-001-Thu-03-Nov-2016-11-33.aspx" target="_blank">The decision is based on the plan announced in November 2016.</a> </p> <p class="hugin" style="border-style&#58;none;">The employee consultation processes were conducted in line with the local legislations and have now been finalised. The number of persons affected is 143 for UPM Augsburg and 125 for UPM Steyrermühl. The SC paper machine 3 in Steyrermühl will be permanently closed at the end of Q1 2017. In Augsburg the production on the SC paper machine 2 was stopped already in the end of 2016. Both mill sites continue their paper production on the remaining cost-competitive paper machines.</p> <p class="hugin" style="border-style&#58;none;">&quot;We understand the disappointment of our employees in Steyrermühl and Augsburg. Due to adverse market conditions continuously challenging us, we have to adjust our operations to&#160;meet the demand and to ensure a competitive future of our remaining paper assets.&#160;We conducted constructive and fair employee consultation processes at both mills, in order to diminish the impact of the closures on the personnel,&quot;&#160;says&#160;<b class="hugin">Anu Ahola</b>, Senior Vice President, News &amp; Retail, UPM Paper ENA. </p> <p class="hugin" style="border-style&#58;none;">The closure of both machines would result in annual cost savings of approximately EUR 30 million. UPM booked charges of EUR 64 million as an item affecting comparability in Q4 2016.</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">For further information, please contact&#58;</b><br class="hugin">UPM Paper ENA Stakeholder Relations, tel. +49 821 3109 225, paperinfo@upm.com</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">For local information, please contact&#58;</b><br class="hugin">Ernst Spitzbart, General Manager, UPM Steyrermühl, UPM Paper ENA, tel. +43 7613 8900 359<br class="hugin">Gerhard Mayer, General Manager, UPM Augsburg, UPM Paper ENA, tel. +49 821 3109 509</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while activity fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="/" target="_blank">www.upmpaper.com</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin" style="border-style&#58;none;"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="http&#58;//upmbiofore.com" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Fire at UPM Shotton Materials Recovery FacilityTarja Sammalkorpi, UPM2017-01-31T11:00:00Z<p>​A fire broke at UPM Shotton Materials Recovery Facility (MRF) last night at 20.00hrs in an isolated part of the plant. The plant was immediately shut&#160;down and all MRF employees were evacuated safely.<br> <br>UPM Shotton's Emergency Response Team responded with its own onsite fire appliance, and North Wales Fire and Rescue Service attended the site&#160;and brought the fire under control by midnight, with fire crews departing at 1.30am.&#160;<br> <br>It is thought that the initial site of the fire was in a waste residue holding bay. Fire investigation teams were on site and further investigations will be&#160;undertaken today as a matter of procedure and routine.<br> &#160;<br> Mr <strong>David Ingham</strong>, General Manager, UPM Shotton&#160;said&#58; &quot;We are grateful to the emergency services who responded in a timely and professional&#160;manner to bring the situation under control.<br> <br>He added&#58; &quot;Paper production is unaffected with no downtime. All other operations on site continue as normal. We will provide further updates as&#160;appropriate.&quot;<br> <br>The UPM Shotton MRF sorts materials prior to recycling including paper, cardboard and other dry recyclate. It processes approximately 200,000 tonnes&#160;of material annually. It operates as a stand-alone facility within the UPM Shotton site.<br> <br>UPM Shotton produces 100 per cent recycled newsprint and started operations in 1985. It directly employs 180 people with approximately 200 contract&#160;workers. It is part of UPM Paper ENA.<br> <br><strong>UPM Paper ENA</strong><br> UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and&#160;publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while&#160;actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately&#160;8,000 people. To learn more about UPM Paper ENA visit&#58;&#160;<a href="/"><span lang="EN-GB" style="text-decoration&#58;underline;">www.upmpaper.com</span></a><br> &#160;<br> <strong>UPM</strong><br> Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy,&#160;UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw&#160;materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately&#160;EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM – The Biofore Company –&#160;<a href="http&#58;//www.upm.com/" target="_blank"><span lang="EN-GB" style="text-decoration&#58;underline;">www.upm.com</span></a><br> &#160;<br> </p>GP0|#ed352e7b-94f6-471f-89d0-1355e0f78e0b;L0|#0ed352e7b-94f6-471f-89d0-1355e0f78e0b|Local news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM aims higher with renewed long-term financial targetsRiikka Schenk, UPM2017-01-31T08:10:00Z<p>​UPM-Kymmene Corporation&#160;&#160;&#160; &#160;&#160;&#160;Other information disclosed according to the rules of the Exchange&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;31 January 2017 at 10&#58;10 EET</p><p><strong>UPM aims higher with renewed long-term financial targets</strong></p><p>UPM renews its long-term financial targets. In the new targets,</p><ul><li>the business area return targets and the comparable ROE target have been increased. </li><li>comparable EBIT growth has been introduced as a new group-level target </li><li>a new financial policy on leverage based on net debt/EBITDA has been introduced </li><li>the cash flow-based dividend policy remains unchanged. </li></ul><p>&quot;Since adopting the current business model of six separate businesses in 2013, we have achieved a clear improvement in our financial performance. The set-up has simultaneously opened attractive growth opportunities for us, as well as enabled us to improve competitiveness in all of the businesses. Now, we are confident we can continue to aim higher,&quot; says <strong>Jussi Pesonen</strong>, President and CEO of UPM.</p><p><strong>Business area long-term return targets </strong><strong>increased</strong></p><p>On the business-area level, UPM has increased the long-term return targets for five of the six business areas. </p><p>&quot;The new return targets reflect our increased ambition for business performance. They are credible and sustainable in the long term, over business and investment cycles,&quot; says UPM's CFO <strong>Tapio Korpeinen</strong>.</p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width&#58;14.28%;"><strong>Business area</strong> </td><td class="ms-rteTable-default" style="width&#58;14.28%;"><strong>Measure</strong><br><strong>&#160;</strong> </td><td class="ms-rteTable-default" style="width&#58;14.28%;"><strong>Previous target (%)</strong> </td><td class="ms-rteTable-default" style="width&#58;14.28%;"><strong>New target (%)</strong> </td><td class="ms-rteTable-default" style="width&#58;14.28%;"><strong>Actual 2016 </strong><br><strong>(%)</strong> </td><td class="ms-rteTable-default" style="width&#58;14.28%;"><strong>Actual 2015 </strong><br><strong>(%)</strong> </td><td class="ms-rteTable-default" style="width&#58;14.28%;"><strong>Actual</strong><br><strong>2014 </strong><br><strong>(%)</strong> </td></tr><tr><td class="ms-rteTable-default">UPM Biorefining </td><td class="ms-rteTable-default">ROCE % </td><td class="ms-rteTable-default">10-12 </td><td class="ms-rteTable-default">14 </td><td class="ms-rteTable-default">12.6 </td><td class="ms-rteTable-default">14.6 </td><td class="ms-rteTable-default">7.6 </td></tr><tr><td class="ms-rteTable-default">UPM Energy </td><td class="ms-rteTable-default">ROCE %** </td><td class="ms-rteTable-default">6 </td><td class="ms-rteTable-default">6 </td><td class="ms-rteTable-default">5.0 </td><td class="ms-rteTable-default">6.7 </td><td class="ms-rteTable-default">6.9 </td></tr><tr><td class="ms-rteTable-default">UPM Raflatac </td><td class="ms-rteTable-default">ROCE % </td><td class="ms-rteTable-default">18 </td><td class="ms-rteTable-default">20 </td><td class="ms-rteTable-default">25.5 </td><td class="ms-rteTable-default">17.6 </td><td class="ms-rteTable-default">15.0 </td></tr><tr><td class="ms-rteTable-default">UPM Specialty Papers </td><td class="ms-rteTable-default">ROCE % </td><td class="ms-rteTable-default">10-12 </td><td class="ms-rteTable-default">14 </td><td class="ms-rteTable-default">12.1 </td><td class="ms-rteTable-default">5.5 </td><td class="ms-rteTable-default">12.6 </td></tr><tr><td class="ms-rteTable-default">UPM Paper ENA </td><td class="ms-rteTable-default">FCF/CE %* </td><td class="ms-rteTable-default">10-12 </td><td class="ms-rteTable-default">14 </td><td class="ms-rteTable-default">31.0 </td><td class="ms-rteTable-default">4.7 </td><td class="ms-rteTable-default">12.9 </td></tr><tr><td class="ms-rteTable-default">UPM Plywood </td><td class="ms-rteTable-default">ROCE % </td><td class="ms-rteTable-default">10-12 </td><td class="ms-rteTable-default">18 </td><td class="ms-rteTable-default">22.6 </td><td class="ms-rteTable-default">20.9 </td><td class="ms-rteTable-default">16.5 </td></tr></tbody></table><p>ROCE % = Return of capital employed excluding items affecting comparability.<br>* Free cash flow after investing activities (investments and/or divestments) and restructuring costs.<br>**UPM Energy assets valued at fair value. </p><p><strong>Growth target introduced for group comparable EBIT</strong></p><p>A new target has been introduced on the group level&#58; UPM aims to grow its comparable EBIT over the long term.</p><p>UPM has a portfolio of five businesses that operate on growing markets and one business that faces declining demand. All of our businesses are competitive and have strong market positions. </p><p>&quot;We aim to grow the businesses with strong long-term fundamentals for growth and profitability. At the same time, we aim to maintain strong performance also in the European and North American paper business.</p><p>However, we prioritise earnings growth over top-line growth. We will invest in projects with attractive and sustainable returns, supported by a clear competitive advantage or barriers to entry. We also aim to capture opportunities to develop our business and product mix and further improve our cost competitiveness,&quot; says Korpeinen. </p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width&#58;20%;"><strong>Measure</strong> </td><td class="ms-rteTable-default" style="width&#58;20%;"><strong>New target</strong> </td><td class="ms-rteTable-default" style="width&#58;20%;"><strong>Actual 2016 (EURm)</strong> </td><td class="ms-rteTable-default" style="width&#58;20%;"><strong>Actual 2015</strong><br><strong>(EURm)</strong> </td><td class="ms-rteTable-default" style="width&#58;20%;"><strong>Actual 2014 (EURm)</strong> </td></tr><tr><td class="ms-rteTable-default">Comparable EBIT </td><td class="ms-rteTable-default">Growth </td><td class="ms-rteTable-default">1,143 </td><td class="ms-rteTable-default">916 </td><td class="ms-rteTable-default">866 </td></tr></tbody></table><p><strong></strong>&#160;</p><p><strong>Aiming for attractive </strong><strong>shareholder </strong><strong>returns</strong></p><p>UPM has increased its ROE target, now aiming for a 10% return on equity. The previous target was variable&#58; 5 percentage points over a ten-year risk-free investment.</p><p>&quot;ROE is a good measure for UPM on the group level, as it also takes into account the financing, taxation and capital structure of the group,&quot; says Korpeinen. </p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>Measure</strong> </td><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>Previous target</strong> </td><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>New target </strong><br><strong>(%)</strong> </td><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>Actual 2016 </strong><br><strong>(%)</strong> </td><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>Actual 2015 </strong><br><strong>(%)</strong> </td><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>Actual 2014 </strong><br><strong>(%)</strong> </td></tr><tr><td class="ms-rteTable-default">Comparable ROE % </td><td class="ms-rteTable-default">5pp over a 10-year risk-free rate </td><td class="ms-rteTable-default">10.0 </td><td class="ms-rteTable-default">10.9 </td><td class="ms-rteTable-default">9.5 </td><td class="ms-rteTable-default">8.5 </td></tr></tbody></table><p>UPM maintains its cash flow-based dividend policy. UPM aims to pay an attractive dividend&#58; 30-40% of the company's annual operating cash flow per share. </p><p><strong>Maintaining a strong balance sheet </strong></p><p>UPM aims to maintain a strong balance sheet. Investment grade rating is an important element in UPM's financing strategy. UPM has introduced a new financial policy on leverage&#58;</p><p>UPM targets a net debt/EBITDA ratio of approximately 2 times or less. </p><p>The previous maximum gearing limit of 90% has been discontinued as redundant.</p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>Measure</strong> </td><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>Previous limit</strong> </td><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>New policy</strong> </td><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>Actual 2016</strong> </td><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>Actual 2015</strong> </td><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>Actual 2014</strong> </td></tr><tr><td class="ms-rteTable-default">Net debt/EBITDA </td><td class="ms-rteTable-default">N/A </td><td class="ms-rteTable-default">approx. 2x or less </td><td class="ms-rteTable-default">0.73x </td><td class="ms-rteTable-default">1.56x </td><td class="ms-rteTable-default">1.84x </td></tr><tr><td class="ms-rteTable-default">Gearing </td><td class="ms-rteTable-default">&lt;90% </td><td class="ms-rteTable-default">N/A </td><td class="ms-rteTable-default">14% </td><td class="ms-rteTable-default">26% </td><td class="ms-rteTable-default">32% </td></tr></tbody></table><p><strong></strong>&#160;</p><p><strong>F</strong><strong>or further information, please contact&#58;</strong><br>Tapio Korpeinen, CFO, tel. +358&#160;2041 50004</p><p>UPM-Kymmene Corporation<br>Pirkko Harrela<br>Executive Vice President, Stakeholder Relations</p><p><strong>UPM, Media Relations </strong><br>Mon-Fri 9&#58;00-16&#58;00 EET<br>tel. <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+358 40 588 3284<a title="Call&#58; +358 40 588 3284" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +358 40 588 3284" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160; <br><a href="mailto&#58;media@upm.com"><span style="text-decoration&#58;underline;">media@upm.com</span></a></p><p><strong>UPM</strong><br>Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank"><span style="text-decoration&#58;underline;">www.upm.com</span></a></p><p><span style="text-decoration&#58;underline;">Follow UPM on</span> <a href="https&#58;//twitter.com/UPM_News" target="_blank"><span style="text-decoration&#58;underline;">Twitter</span></a> | <a href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;">LinkedIn</span></a> | <a href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;">Facebook</span></a> | <a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;">YouTube</span></a> | <a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;">Instagram</span></a> | <a href="https&#58;//www.upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;">upmbiofore.com</span></a></p>GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Financial Statements Release 2016: UPM finishes a record-strong year with a good quarterRiikka Schenk, UPM2017-01-31T06:35:00Z<p>UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Financial Statements Release&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 31 January 2017 at 9&#58;35 EET</p><p><strong>Financial Statements Release 2016&#58; UPM finishes a record-strong year with a good quarter</strong></p><p><strong>Q4 2016 highlights</strong></p><ul><li>Comparable EBIT increased by 15% to EUR 283 million (247 million). </li><li>High maintenance activity resulted in temporarily higher fixed costs and lower operational efficiency. </li><li>Growth projects contributed significantly to earnings. </li><li>Strong operating cash flow at EUR 405 million (390 million). </li><li>The Otepää plywood mill expansion and UPM Kaukas pulp mill investment started production. </li><li>In October, UPM announced a new self-adhesive label stock investment in Poland to meet the growing demand in Europe. </li><li>In November, UPM announced plans to close 305,000 tonnes of SC paper capacity in Germany and Austria. </li></ul><p><strong>2016 highlights </strong></p><ul><li>Comparable EBIT increased by 25% to EUR 1,143 million (916 million). </li><li>Growth projects contributed significantly to earnings and cost efficiency measures continued on a strong track. </li><li>Operating cash flow reached a record high of EUR 1,686 million (1,185 million). </li><li>Net debt decreased to a record low of EUR 1,131 million (2,100 million). </li><li>UPM closed the Madison Paper Industries in the US in May and sold the Schwedt newsprint mill in Germany in July. </li><li>In July, UPM announced expansion of the UPM Kymi pulp mill capacity to 870,000 tonnes. </li><li>The Board proposes a dividend of EUR 0.95 (0.75) per share, representing 30% of operating cash flow per share. </li></ul><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width&#58;16.66%;"><strong>Key figures</strong> </td><td class="ms-rteTable-default" style="width&#58;16.66%;">Q4/2016 </td><td class="ms-rteTable-default" style="width&#58;16.66%;">Q4/2015 </td><td class="ms-rteTable-default" style="width&#58;16.66%;">Q3/2016 </td><td class="ms-rteTable-default" style="width&#58;16.66%;">Q1-Q4/2016 </td><td class="ms-rteTable-default" style="width&#58;16.66%;">Q1-Q4/2015 </td></tr><tr><td class="ms-rteTable-default">Sales, EURm </td><td class="ms-rteTable-default">2,476 </td><td class="ms-rteTable-default">2,574 </td><td class="ms-rteTable-default">2,445 </td><td class="ms-rteTable-default">9,812 </td><td class="ms-rteTable-default">10,138 </td></tr><tr><td class="ms-rteTable-default">Comparable EBITDA, EURm </td><td class="ms-rteTable-default">349 </td><td class="ms-rteTable-default">363 </td><td class="ms-rteTable-default">423 </td><td class="ms-rteTable-default">1,560 </td><td class="ms-rteTable-default">1,350 </td></tr><tr><td class="ms-rteTable-default">&#160; % of sales </td><td class="ms-rteTable-default">14.1 </td><td class="ms-rteTable-default">14.1 </td><td class="ms-rteTable-default">17.3 </td><td class="ms-rteTable-default">15.9 </td><td class="ms-rteTable-default">13.3 </td></tr><tr><td class="ms-rteTable-default">Operating profit, EURm </td><td class="ms-rteTable-default">232 </td><td class="ms-rteTable-default">220 </td><td class="ms-rteTable-default">364 </td><td class="ms-rteTable-default">1,135 </td><td class="ms-rteTable-default">1,142 </td></tr><tr><td class="ms-rteTable-default">Comparable EBIT, EURm </td><td class="ms-rteTable-default">283 </td><td class="ms-rteTable-default">247 </td><td class="ms-rteTable-default">314 </td><td class="ms-rteTable-default">1,143 </td><td class="ms-rteTable-default">916 </td></tr><tr><td class="ms-rteTable-default">&#160; % of sales </td><td class="ms-rteTable-default">11.4 </td><td class="ms-rteTable-default">9.6 </td><td class="ms-rteTable-default">12.8 </td><td class="ms-rteTable-default">11.6 </td><td class="ms-rteTable-default">9.0 </td></tr><tr><td class="ms-rteTable-default">Profit before tax, EURm </td><td class="ms-rteTable-default">231 </td><td class="ms-rteTable-default">214 </td><td class="ms-rteTable-default">336 </td><td class="ms-rteTable-default">1,080 </td><td class="ms-rteTable-default">1,075 </td></tr><tr><td class="ms-rteTable-default">&#160; Comparable profit before tax, EURm </td><td class="ms-rteTable-default">282 </td><td class="ms-rteTable-default">241 </td><td class="ms-rteTable-default">288 </td><td class="ms-rteTable-default">1,089 </td><td class="ms-rteTable-default">849 </td></tr><tr><td class="ms-rteTable-default">Profit for the period, EURm </td><td class="ms-rteTable-default">187 </td><td class="ms-rteTable-default">193 </td><td class="ms-rteTable-default">268 </td><td class="ms-rteTable-default">880 </td><td class="ms-rteTable-default">916 </td></tr><tr><td class="ms-rteTable-default">Comparable profit for the period, EURm </td><td class="ms-rteTable-default">220 </td><td class="ms-rteTable-default">215 </td><td class="ms-rteTable-default">234 </td><td class="ms-rteTable-default">879 </td><td class="ms-rteTable-default">734 </td></tr><tr><td class="ms-rteTable-default">Earnings per share (EPS), EUR </td><td class="ms-rteTable-default">0.35 </td><td class="ms-rteTable-default">0.36 </td><td class="ms-rteTable-default">0.50 </td><td class="ms-rteTable-default">1.65 </td><td class="ms-rteTable-default">1.72 </td></tr><tr><td class="ms-rteTable-default">&#160; Comparable EPS, EUR </td><td class="ms-rteTable-default">0.41 </td><td class="ms-rteTable-default">0.41 </td><td class="ms-rteTable-default">0.44 </td><td class="ms-rteTable-default">1.65 </td><td class="ms-rteTable-default">1.38 </td></tr><tr><td class="ms-rteTable-default">Return on equity (ROE), % </td><td class="ms-rteTable-default">9.3 </td><td class="ms-rteTable-default">9.7 </td><td class="ms-rteTable-default">13.8 </td><td class="ms-rteTable-default">10.9 </td><td class="ms-rteTable-default">11.9 </td></tr><tr><td class="ms-rteTable-default">Comparable ROE, % </td><td class="ms-rteTable-default">10.9 </td><td class="ms-rteTable-default">10.8 </td><td class="ms-rteTable-default">12.1 </td><td class="ms-rteTable-default">10.9 </td><td class="ms-rteTable-default">9.5 </td></tr><tr><td class="ms-rteTable-default">Return on capital employed (ROCE), % </td><td class="ms-rteTable-default">9.4 </td><td class="ms-rteTable-default">8.2 </td><td class="ms-rteTable-default">13.4 </td><td class="ms-rteTable-default">10.5 </td><td class="ms-rteTable-default">10.3 </td></tr><tr><td class="ms-rteTable-default">Comparable ROCE, % </td><td class="ms-rteTable-default">11.4 </td><td class="ms-rteTable-default">9.2 </td><td class="ms-rteTable-default">11.5 </td><td class="ms-rteTable-default">10.6 </td><td class="ms-rteTable-default">8.3 </td></tr><tr><td class="ms-rteTable-default">Operating cash flow, EURm </td><td class="ms-rteTable-default">405 </td><td class="ms-rteTable-default">390 </td><td class="ms-rteTable-default">506 </td><td class="ms-rteTable-default">1,686 </td><td class="ms-rteTable-default">1,185 </td></tr><tr><td class="ms-rteTable-default">Operating cash flow per share, EUR </td><td class="ms-rteTable-default">0.76 </td><td class="ms-rteTable-default">0.73 </td><td class="ms-rteTable-default">0.95 </td><td class="ms-rteTable-default">3.16 </td><td class="ms-rteTable-default">2.22 </td></tr><tr><td class="ms-rteTable-default">Equity per share at end of period, EUR </td><td class="ms-rteTable-default">15.43 </td><td class="ms-rteTable-default">14.89 </td><td class="ms-rteTable-default">14.75 </td><td class="ms-rteTable-default">15.43 </td><td class="ms-rteTable-default">14.89 </td></tr><tr><td class="ms-rteTable-default">Capital employed at the end of period, EURm </td><td class="ms-rteTable-default">10,657 </td><td class="ms-rteTable-default">11,010 </td><td class="ms-rteTable-default">10,463 </td><td class="ms-rteTable-default">10,657 </td><td class="ms-rteTable-default">11,010 </td></tr><tr><td class="ms-rteTable-default">Net interest-bearing liabilities at end of period, EURm </td><td class="ms-rteTable-default">1,131 </td><td class="ms-rteTable-default">2,100 </td><td class="ms-rteTable-default">1,479 </td><td class="ms-rteTable-default">1,131 </td><td class="ms-rteTable-default">2,100 </td></tr><tr><td class="ms-rteTable-default">Gearing ratio at end of period, % </td><td class="ms-rteTable-default">14 </td><td class="ms-rteTable-default">26 </td><td class="ms-rteTable-default">19 </td><td class="ms-rteTable-default">14 </td><td class="ms-rteTable-default">26 </td></tr><tr><td class="ms-rteTable-default">Personnel at the end of period </td><td class="ms-rteTable-default">19,310 </td><td class="ms-rteTable-default">19,578 </td><td class="ms-rteTable-default">19,559 </td><td class="ms-rteTable-default">19,310 </td><td class="ms-rteTable-default">19,578 </td></tr></tbody></table><p><strong></strong>&#160;</p><p><strong>J</strong><strong>ussi Pesonen, President and CEO, comments on Q4 and full year 2016 results&#58;</strong></p><p>&quot;Year 2016 was financially a record year. It demonstrates the results of our transformation and sets the stage for the future&#58; Today's UPM is earnings growth oriented, capable and financially strong. Now we have the opportunity to seek new horizons and continue to aim higher. </p><p>We achieved a lot over the course of the year. We grew with our customers in many growth markets. In addition, our own cost-efficiency measures succeeded well. Our comparable EBIT increased by 25% and our operating cash flow was record strong at EUR 1,686 million. Our net debt was EUR 969 million lower than a year ago, reaching an industry-leading 0.73 times EBITDA. All of this was reflected in the positive share price performance during the year.</p><p>Our performance stayed at a good level also during the fourth quarter and comparable EBIT increased to EUR 283 million. As expected, the quarter was impacted by heavy maintenance activity, especially in UPM Biorefining, resulting in temporarily higher fixed costs and lower operational efficiency than in the comparison periods. </p><p>The growth projects proceeded well during the autumn. All the first wave growth investments are contributing to our earnings. With further potential, especially in the specialty paper machine in UPM Changshu and the Lappeenranta biorefinery, optimisation continues. </p><p>Further growth initiatives are ongoing. The Otepää plywood mill and UPM Kaukas pulp mill expansions started successfully in Q4. Construction of the UPM Kymi pulp mill expansion and UPM Raflatac factory investment in Poland are in full swing. Our discussions with the Government of Uruguay on the prerequisites for long-term industrial development in the country have proceeded in positive spirit. Many important topics are still under discussion, however. </p><p>We look confidently to the future. Our competitive position and market demand enable us to expand our growth businesses further and aim higher with our long-term earnings. Today, we have decided on new long-term financial targets reflecting our new ambition level.</p><p>UPM's Board of Directors has today proposed that the dividend for 2016 be increased to EUR 0.95 (0.75) per share, which is 30% of the operating cash flow per share&quot;.</p><p><strong>Outlook for 2017</strong></p><p>UPM's profitability improved significantly in 2016 and is expected to remain on a good level in 2017.</p><p>Demand growth is expected to continue for most of UPM's businesses, while demand decline is expected to continue for UPM Paper ENA. The focused growth projects continue to contribute gradually to UPM's performance.</p><p>Following a deflationary environment in recent years, 2017 is expected to show modest input cost inflation. UPM will continue measures to reduce fixed and variable costs to mitigate this.</p><p>2017 starts with lower pulp prices and lower availability of hydropower than in the beginning of 2016.</p><p><strong>Webcast and press conference</strong></p><p>UPM's President and CEO Jussi Pesonen will present the results in a webcast and a conference call for analysts and investors, held in English language, today at 13&#58;15 EET.</p><p>Later in the afternoon, Jussi Pesonen will present the results in a press conference held in Finnish language at the UPM Group Head Office (The Biofore House) in Helsinki, Alvar Aallon katu 1, at 14&#58;30 EET.</p><p><strong>Webcast and conference call details&#58;</strong></p><p>The conference call can be participated in either by dialling a number in the list below or following the webcast online at <a href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank"><span style="text-decoration&#58;underline;">www.upm.com</span></a> or through <a href="https&#58;//upm.videosync.fi/2017-01-31-q4/" target="_blank"><span style="text-decoration&#58;underline;">this link.</span></a> </p><p>Only participants who wish to ask questions in the conference call need to dial in. We recommend that participants start dialling in 5-10 minutes prior to ensure a timely start of the webcast.</p><p>The presentation is available at <a href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank"><span style="text-decoration&#58;underline;">www.upm.com</span></a> for 12 months after the call.</p><p>Conference call title&#58; <strong>Financial Statements Release for the year 2016</strong></p><p><strong>Direct telephone numbers&#58;</strong></p><p>BE&#58; +3224040635<br>DK&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+45 823 331 78<a title="Call&#58; +45 823 331 78" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +45 823 331 78" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>FI&#58; +358981710495<br>UK&#58; +442031940552<br>NO&#58; +4723500211<br>SE&#58; +46856642702<br>US&#58; +18557161597</p><p><strong>International telephone numbers with a pin code 36958264#</strong></p><p>AU&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+61 29253 5844<a title="Call&#58; +61 29253 5844" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +61 29253 5844" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>AT&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+43 19282 258<a title="Call&#58; +43 19282 258" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +43 19282 258" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>CH&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+44 44580 0083<a title="Call&#58; +44 44580 0083" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +44 44580 0083" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>CN&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+86 400 681 5421<a title="Call&#58; +86 400 681 5421" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +86 400 681 5421" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>DE&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+49 030 221 510 067<a title="Call&#58; +49 030 221 510 067" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +49 030 221 510 067" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>ES&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+34 911 143 608<a title="Call&#58; +34 911 143 608" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +34 911 143 608" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>FR&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+33 (0)2 9092 0977<a title="Call&#58; +33 (0)2 9092 0977" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +33 (0)2 9092 0977" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160;<br>HK&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+852 3068 9834<a title="Call&#58; +852 3068 9834" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +852 3068 9834" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>IN&#58; 0018038524634<br>IR&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+353 1696 8154<a title="Call&#58; +353 1696 8154" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +353 1696 8154" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>IT&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+39 2 3604 6798<a title="Call&#58; +39 2 3604 6798" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +39 2 3604 6798" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>JP&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+81 3 4455 9554<a title="Call&#58; +81 3 4455 9554" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +81 3 4455 9554" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>NL&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+31 20 716 8427<a title="Call&#58; +31 20 716 8427" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +31 20 716 8427" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;<br>SP&#58; <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+65 6307 7610<a title="Call&#58; +65 6307 7610" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +65 6307 7610" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" />&#160; &#160;</p><p><strong>**</strong></p><p>It should be noted that certain statements herein, which are not historical facts, including, without limitation, those regarding expectations for market growth and developments; expectations for growth and profitability; and statements preceded by &quot;believes&quot;, &quot;expects&quot;, &quot;anticipates&quot;, &quot;foresees&quot;, or similar expressions, are forward-looking statements. Since these statements are based on current plans, estimates and projections, they involve risks and uncertainties which may cause actual results to materially differ from those expressed in such forward-looking statements. Such factors include, but are not limited to&#58; (1) operating factors such as continued success of manufacturing activities and the achievement of efficiencies therein including the availability and cost of production inputs, continued success of product development, acceptance of new products or services by the Group's targeted customers, success of the existing and future collaboration arrangements, changes in business strategy or development plans or targets, changes in the degree of protection created by the Group's patents and other intellectual property rights, the availability of capital on acceptable terms; (2) industry conditions, such as strength of product demand, intensity of competition, prevailing and future global market prices for the Group's products and the pricing pressures thereto, financial condition of the customers and the competitors of the Group, the potential introduction of competing products and technologies by competitors; and (3) general economic conditions, such as rates of economic growth in the Group's principal geographic markets or fluctuations in exchange and interest rates. The main earnings sensitivities and the group's cost structure are presented on page 18 of the 2015 Annual Report. Risks and opportunities are discussed on pages 17-18 and risks and risk management are presented on pages 84-86 of the report.</p><p>**</p><p>UPM-Kymmene Corporation<br>Pirkko Harrela<br>Executive Vice President, Stakeholder Relations</p><p><strong>UPM, Media Relations</strong><br>Mon-Fri from 9&#58;00 to 16&#58;00 EET<br>tel. <span class="baec5a81-e4d6-4674-97f3-e9220f0136c1" style="white-space&#58;nowrap;">+358 40 588 3284<a title="Call&#58; +358 40 588 3284" href="#" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;"><img title="Call&#58; +358 40 588 3284" alt="" style="margin&#58;0px;border&#58;currentcolor;left&#58;0px;top&#58;0px;width&#58;16px;height&#58;16px;right&#58;0px;bottom&#58;0px;overflow&#58;hidden;vertical-align&#58;middle;float&#58;none;display&#58;inline;white-space&#58;nowrap;position&#58;static !important;" /></a></span><img alt="" style="margin&#58;5px;width&#58;16px;" /><a href="http&#58;//www.upm.com/About-us/Newsroom/Releases/Pages/Financial-Statements-Release-2016-UPM-finishes-a-record-strong-year-with-a-good--001-Tue-31-Jan-2017-09-36.aspx#"><span style="text-decoration&#58;underline;">&#160; &#160;</span></a><br><a href="mailto&#58;media@upm.com"><span style="text-decoration&#58;underline;">media@upm.com</span></a></p><p><strong>UPM</strong><br>Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a href="http&#58;//www.upm.com/" target="_blank"><span style="text-decoration&#58;underline;">www.upm.com</span></a></p><p>Follow UPM on <a href="http&#58;//www.twitter.com/UPM_News" target="_blank"><span style="text-decoration&#58;underline;">Twitter</span></a> | <a href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;">LinkedIn</span></a> | <a href="http&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;">Facebook</span></a> | <a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;">YouTube</span></a> | <a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;">Instagram</span></a> | <a href="https&#58;//www.upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;">upmbiofore.com</span></a></p><p><a href="http&#58;//hugin.info/165629/R/2074606/779972.pdf" target="_blank"><span style="text-decoration&#58;underline;">UPM Financial Statements Release 2016</span></a></p>GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
The best practice guide ‘Optimised Paper Handling and Logistics’ now availableTerhi Jokinen, UPM2017-01-25T09:00:00Z<p>UPM has been one of the&#160;sponsors of&#160;a unique international cross-industry collaborative project that brought together expertise from across the entire paper supply chain from the mill, through transport, storage, handling and printing<strong>.&#160;</strong>As a result of the&#160;co-operation&#160;the project group has&#160;now published an<strong>&#160;</strong><strong>'Optimised Paper Handling &amp; Logistics' (OPHAL)</strong>&#160;best practice guide. It serves&#160;as a global reference for suppliers, transporters, converters and printers to improve their efficiency.</p><p><strong>Benefits of OPHAL guide </strong></p><p>The content of the guide&#160;is written to supervisors, managers, administrative and production staff. It provides them with a unique tool to to give a better understanding of the supply chain and how to optimise their part in it. The guide gives guidance as follows&#58;</p><ol><li>Reducing risks of accidents</li><li>Improving economic and environmental performance</li><li>Optimising working practices</li></ol><h3>The best practice OPHAL guide e-book's free download available from <a target="_blank"><span lang="EN-GB">www.ophal.info »</span></a><br></h3><p>Paper is handled 10-20 times and from when it leaves the paper mill to when it is put on to the press and every manipulation of rolls and pallets carries a risk of accidents and damage. Paper is a demanding cargo with a high economic unit value, requiring specialised techniques, tools and facilities for handling, logistics, storage and preparation for printing. Substrates are also the highest single cost for all printing and packaging applications — any reduction in their waste and damage improves both economic and environmental performance. </p><p>&quot;This guide is a useful tool for our colleagues, customers and suppliers. It&#160;gathers the best expertise from professionals across the paper supply chain. We are proud to present this&#160;great&#160;guide to the whole&#160;industry&quot;, says <strong>Markus Zentraf</strong>, Manager, Logistics Damage Prevention, UPM Paper ENA.</p><p><strong>Contents of&#160;the OPHAL&#160;guide</strong></p><p>The richly illustrated guide features easy-to-read text detailing the best practices and providing troubleshooting guidelines for supervisors, operating staff, suppliers and supply chain managers. The 270-page guide is structured in 11 modules&#58;</p><p>1&#58; Paper &amp; Cores - Wrapping &amp; Pallets<br>2&#58;&#160;Inspect, Report, Evaluate &amp; Repair<br>3&#58; Warehouse and Paper Store<br>4&#58; Paper Handling Equipment<br>5&#58; Roll and Pallet Handling<br>6&#58; Transport — Securing &amp; Lashing<br>7&#58; Road Transport <br>8&#58; Rail Transport<br>9&#58; Transport&#160;&amp; Containers <br>10&#58; Transport &amp; Maritime Shipping<br>11&#58; At the Printer&#160;&amp;&#160; Paper onto Press </p><p>'Optimized Paper Handling &amp; Logistics' is a collaborative project made possible by the participation of ABP, Axel Springer, Bolzano-Auramo, Cascade, Dalim, Earthpac Oy, ERA, FMS, Goss, Holmen, &#160;Kasturi &amp; Sons (The Hindu), icmPrint, Idealliance, IF P&amp;C, INTAKT, Intergraf, KBA, Malayala Manorama, Mondi, NOPA, Paperdam, Sappi, SCA, Sonoco-Alcore, SpanSet, Stora Enso, tesa &#160;'Times of India', TRANSWAGGON, UPM, WAN-IFRA. </p><p>For further information, please contact UPM Paper ENA, Markus Zentgraf tel. + 49 172 97 20 767 or Martin Schorn tel. +49 401 82 98 242.</p><p><a href="http&#58;//www.ophal.info/" target="_blank"> www.ophal.info »</a></p><p>&#160;<a title="Download OPHAL guide" href="http&#58;//ophal.info/downloads" target="_blank"><img class="ms-rteImage-4" src="http&#58;//assets-upmpaper.upm.com/images1/whats-new/News/Ophal_198x272.jpg" alt="" style="margin&#58;5px 5px 5px 0px;" /></a></p>GP0|#ee3a8c1f-9811-4d10-aaa0-493f0ed07a23;L0|#0ee3a8c1f-9811-4d10-aaa0-493f0ed07a23|Other news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
The Impresse Plus C story: Birth of an eye-catcherTarja Sammalkorpi, UPM2016-12-08T12:00:00Z<p>Combining silky smoothness, a fabulous print finish and great fingertip appeal, UPM Impresse Plus C is a new paper for high-end coldset web offset applications. We take a peek behind the scenes of its ongoing customer-driven development process.</p><p>The original idea for Impresse Plus C came from UPM's technical sales teams, who work closely with customers around Europe and pass on their suggestions to mills. They proposed that UPM should test the suitability of its current SC papers for coldset printing.</p><p>&quot;We listen carefully to what our customers require, and we're always ready to evaluate all their good ideas here at the mill to match their needs tomorrow,&quot; says <strong>Olli Juntunen</strong>, Product Manager at UPM Jämsä River Mills, where the project began in summer 2015.</p><p>&quot;After the initial trials we noticed that our SC paper was giving surprisingly good printing results in coldset applications, too. There were some runnability issues, however, and some initial compatibility issues with inks. Too much ink was building up on the common impression cylinder,&quot; reveals <strong>Juntunen</strong>.</p><p><strong>The beauty of trial and error</strong></p><p>Using trial and error as the driving force of creativity, the UPM development team kicked off the R&amp;D process in earnest at the end of 2015. The new paper underwent laboratory tests at the UPM R&amp;D centre to analyse the impact of various technical modifications. The product was simultaneously tested by selected customers, who gave immediate feedback.</p><p>&quot;The biggest challenge was making the structure of the paper 'open' enough for coldset printing,&quot; adds <strong>Kimmo Finnilä</strong>, Engineer, Development and Technical Customer Service at PM6, which produces the paper.</p><p><strong>Smoothness and shine</strong></p><p>As often happens in R&amp;D, the project met with its fair share of challenges. &quot;At one stage we almost lost the wow factor – the print finish wasn't looking great anymore. But thanks to our precise and systematic modifications, we were able to return the smoothness and shine,&quot; says <strong>Finnilä</strong>.</p><p>UPM Impresse Plus C offers a smooth, luxuriant finish that helps CSWO printed publications truly stand out. This makes it ideal for highend applications such as retail advertisements, special interest newspapers and magazines. It is not necessarily the easiest product to print, however, as it requires extensive knowledge from the printer and optimization on press. But, when the balance is right, the end result is well worth the extra effort.</p><p>&quot;I think this paper looks brilliant. We have a great product that truly catches the reader's eye. Next it's up to our sales team and CSWO printers to make this innovation a success,&quot; concludes <strong>Juntunen</strong>.</p><p><img alt="A brilliant sample of talent-pooling at Jämsä River Mills" src="http&#58;//assets-upmpaper.upm.com/images1/whats-new/News/The%20Impresse%20Plus%20C%20story%20400x200px.jpg" style="margin&#58;5px 5px 5px 0px;" />&#160;</p><p><em class="ms-rteStyle-Imagecaption">A brilliant sample of talent-pooling at Jämsä River Mills&#58; (from right) SC expert Kimmo Finnilä joined forces with newsprint specialist Mikko Aho, Product Manager Olli Juntunen and Veli-Pekka Laurila to test SC papers in CSWO printing in summer 2015. (Photo&#58; Pekka Rötkönen)</em></p><p><strong>Where does this product fit into the UPM product range?</strong></p><p>UPM Impresse Plus C will enlarge UPM's offering for our coldset customer base. We will be able to offer outstanding print quality with high smoothness, a nice feel and a magazine-style appearance to support our customers' print competitiveness. The product has a high bulk (1.1) and brightness level of 80.</p><p><strong>What are your expectations for this product?</strong></p><p>We will meet future customer needs by improving the competitiveness of coldset printing. UPM Impresse Plus C will enable our customers to expand their product offering especially in the commercial printing of contractual titles, inserts and value-adding advertising material. On top of this, we offer a competitive advantage to our coldset customers in segments such as special weekend publications and magazine-type products. This will push coldset printing towards higher added-value printing products.</p><p><strong>What's the next step?</strong></p><p>In the final pre-launch stage, we will work closely with printers with different kinds of printing machines to fine-tune the product's printability and gain enough experience for the commercial launch in the coming months.</p><p>&#160;</p>GP0|#f64c20de-61a7-4c91-b0a1-d50772b61b60;L0|#0f64c20de-61a7-4c91-b0a1-d50772b61b60|Product news;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx