UPM seeks growth in attractive plywood segments by expanding the competitive UPM Chudovo plywood mill in Russia
(UPM, Helsinki, Finland, 24 October 2017 at 08:15 EET) - UPM further strengthens its position as the leading plywood manufacturer in Europe. Following successful growth investments in Finland and Estonia over the past few years, UPM expands its Chudovo plywood mill in Russia by investing EUR 50 million. The project will increase the mill's production capacity by 45,000 to 155,000 m[3] while also broadening the mill's product portfolio. In addition to the production capacity growth, a new bio heat boiler will be built at the mill site. "The expansion of the Chudovo mill is an important