UPM plans to reduce its uncoated paper capacity to safeguard competitiveness in Europe

(UPM, Helsinki, 10 September 2019 at 11:35 EET) - UPM plans to permanently close a SC paper machine in Rauma, Finland and sell its Chapelle newsprint mill in Grand-Couronne, France. If realized, the measures would result in a reduction of 265,000 tonnes of SC capacity and 240,000 tonnes of newsprint capacity in UPM’s portfolio. UPM is committed to maintaining its profitability and actively manages production capacity in line with the structural decline of the graphic paper demand. Both paper machines are the least cost competitive UPM assets in their respective product segments. The