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UPM announces plan to decrease its European capacity by 1.3 million tpy

Potential synergies of €200m per year

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Published in issue 36/2011
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UPM has disclosed plans to close production facilities in an announcement that came earlier than had been expected. The group intends to strengthen its position in the publication paper business and generate annual synergies of €200m by reducing its capacity by 1.31 million tpy. Amid dwindling demand in Europe, ...

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