UPM has sold all its business operations in Russia to Gungnir Wooden Products Trading
(UPM, Helsinki, 3 April 2023 at 09.00 EEST) – UPM has completed withdrawal of its businesses from Russia by selling all its Russian operations, including the Chudovo plywood mill, to Gungnir Wooden Products Trading. The parties have agreed not to disclose the details of the transaction. Following Russia's war of aggression in Ukraine, UPM announced in March 2022 suspension of its business activities in Russia, including deliveries, wood procurement and the Chudovo plywood mill. UPM, Media RelationsMon-Fri 9:00-16:00 EESTtel. +358 40 588 3284media@upm.com UPMWe deliver