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Published in issue 30/2022
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Most UPM business divisions reported good business and solid demand in the second quarter of 2022. Against a 7 per cent increase in sales to €2.56bn y-o-y, the company said to have reached record Q2 earnings in 2022. Operating...
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Published in issue 18/2022
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Coming on stream after a 16 weeks' strike, UPM's Finnish paper mills might bring a new twist to the supply-demand ratio on European printing and writing paper markets. After the strike at UPM's mills in Finland ended Friday last...
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Published in issue 51/2021
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Swedish board and packaging paper producer Billerud Korsnäs has announced its acquisition of US publication and fine paper producer Verso Corporation for a purchase price totalling around $825m. Following completion of the...
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Published in issue 14/2021
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Schönfelder group has slated €5m investment for Kübler & Niethammer Papierfabrik Kriebstein (K&N Paper). The investment aims to extend the recovered paper stockyard and modernise production machinery.The investment in the...
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Published in issue 3/2021
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Chilean group BO Paper will shut down its Bio Bio newsprint mill close to the city of Concepcion in the northwest of the country. The group blames its decision on the structural weakness and ongoing demand reduction on the market...
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Published in issue 47/2020
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UPM is expanding its portfolio at the Jämsänkoski mill in Finland. The site, which is currently producing SC paper as well as specialty papers, will start making newsprint. Production trials have been completed and paper test runs...
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Published in issue 43/2020
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UPM has concluded statutory employee negotiations on the closure of the Kaipola publication paper mill in Finland. According to UPM, operations at the mill will be permanently closed by mid-December, affecting a total of 448...
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Published in issue 37/2020
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Schönfelder group has completed the acquisition of insolvent German recycled paper producer Kübler & Niethammer Papierfabrik Kriebstein AG (K&N Paper). The district court of Chemnitz ruled on 4 September 2020 to release the...
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Published in issue 27/2020
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The planned takeover of insolvent German recycled paper producer Kübler & Niethammer Papierfabrik Kriebstein AG (K&N Paper) by the Schönfelder Group is progressing. The companies continue to work intensely on finding a...
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Published in issue 16/2020
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UPM is reducing its paper production in response to the current decline in demand in the printing and writing paper market. The company told EUWID that it had taken preparations to reduce production at its mills at short notice...
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