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etween 2013 and 2016, UPMwill have invested around €680
million in four significant projects aiming to increase its
operating margin (EBIDTA) by €200million.
UPMhas made significant investments in biofuels, self-
adhesive label papers and pulp in recent years. The production capacity
for pulp is set to increase by 10% by the end of 2015.
“Demand for pulp is growing constantly in China and across Asia —
this is one of our main reasons for investing in pulp production. In order
to meet global demand, we have invested in both the Fray Bentos pulp
mill in Uruguay and in our Finnishmills in Kymi and Pietarsaari,” says
Kari Ståhlberg
, Head of Corporate Strategy.
On the paper production side, the company is focusing on produc-
tivity andmaintaining a competitive edge in Europe. Ongoing efforts have
enabled UPM to maintain its profitability and strong cash flow despite
the challenging market outlook.
“We sold our paper mill inMyllykoski, which was one way of seeking
returns to scale in our core business. One example here is magazine paper.
We value productivity in all aspects of production, and the benefits of
the merger are clearly visible in our results today,” says Ståhlberg.
“While developing our current operations, we are also investing
in brand-new areas that allow us to build on the strengths we already
possess,” he adds.
Spending money to make it
grow
>>