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UPM-Kymmene Oyj (UPM.HE)

UPM.HE on Helsinki Stock Exchange

30.31EUR
21 Jun 2018
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1,275,592
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€32.72
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€21.23

Latest Key Developments (Source: Significant Developments)

UPM Shares Fall After Q1 Results
Thursday, 26 Apr 2018 

April 26 (Reuters) - UPM-Kymmene Oyj ::UPM SHARES FALL 6 PERCENT AFTER Q1 RESULTS.  Full Article

UPM Completes Closure Of Blandin 5 Paper Machine By End Of 2017
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Upm-Kymmene Oyj ::UPM COMPLETES CLOSURE OF PAPER MACHINE 5 IN BLANDIN BY END OF YEAR.SAYS ‍ALL RELATED PROCESSES HAVE BEEN COMPLETED, PAPER MACHINE 5 IN BLANDIN WILL BE PERMANENTLY CLOSED LATEST ON 30 DECEMBER 2017​.SAYS ‍CLOSURE WILL REDUCE ANNUAL CAPACITY OF COATED MAGAZINE PAPER BY APPROXIMATELY 128,000 TONS​.  Full Article

‍UPM and government of Uruguay sign an investment agreement
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Upm-kymmene Oyj :‍UPM and government of Uruguay sign an investment agreement to establish a competitive operating platform for a possible new pulp mill in Uruguay​.  Full Article

Paper maker UPM to cut jobs in Germany and U.S.
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - UPM Oyj :says plans to reduce graphic paper capacity and optimize operations to increase competitiveness.plans to optimize operations at its UPM Nordland Papier and UPM NorService units in Dorpen, Germany, Europe's biggest fine paper site.aims to permanently close paper machine 5 at UPM Blandin in Minnesota, United States, reducing the annual capacity by approximately 128,000 tons of coated magazine paper..Says ‍planned actions will result in annual savings of approximately eur 30 million​.Says ‍will recognize restructuring charges of approximately eur 35 million as items affecting comparability in its Q4 2017 results​.says 223 positions are estimated to be affected by plans in Germany and 150 positions in the U.S.."During the last years the demand for graphic papers has been declining - and the decline is expected to continue... we have to adjust our operations to prospective customer demand," says Winfried Schaur, Executive Vice President, UPM Paper ENA.  Full Article

UPM-Kymmene evaluates potential to build biorefinery
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - UPM-KYMMENE OYJ ::‍EVALUATES POTENTIAL OF BUILDING A BIOREFINERY IN CHEMICAL PARK FRANKFURT-HÖCHST IN GERMANY​.  Full Article

Kymmene invests EUR 50 mln to expand its plywood mill in Russia
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - UPM-KYMMENE OYJ :‍EXPANDS ITS CHUDOVO PLYWOOD MILL IN RUSSIA BY INVESTING EUR 50 MILLION​.‍PROJECT IS ESTIMATED TO BE COMPLETED BY END OF 2019.‍EXPANSION IS ESTIMATED TO CREATE ABOUT 100 NEW JOBS BOTH DIRECTLY AT MILL AND INDIRECTLY​.  Full Article

Finland's UPM builds new coating line in Poland
Tuesday, 11 Oct 2016 

Upm-kymmene Oyj : Says UPM Raflatac building a new coating line at the Wroclaw label stock factory in Poland . Says approximately 35 million euro ($39.20 million)investment . Says new line to meet the increasing demand for self-adhesive label stock in Europe .Says production of new line is planned to commence in first half of 2018.  Full Article

Finland's UPM renames Asia business unit
Friday, 30 Sep 2016 

Upm-kymmene Oyj :Says UPM Paper Asia business area will be renamed UPM Specialty Papers as of 1 October 2016.  Full Article

Finland's UPM beats market expectations in second quarter
Tuesday, 26 Jul 2016 

Upm-kymmene Oyj : Q2 adjusted EBIT increased by 21 percent to 264 million euros ($290.77 million) versus 248 million euros in Reuters poll [nL8N1A72JB] . Q2 sales 2,445 million euros versus 2,500 million in reuters poll . Repeats 2016 guidance . Says profitability improvement is expected to continue in 2016 .Says currencies are expected to contribute positively as hedges roll over, assuming relevant currencies stay at same level as at end of 2015.  Full Article