UPM to strengthen position in Europe

1 February 2005 – Helsinki (FIN): UPM is to invest over €108 million ($141 million) in the paper machines at its French and German plants, in a bid to strengthen its position as one of Europe’s leading office paper suppliers.

By rebuilding the paper machines at its Docelles and Nordland paper mills, which will cost €26 million and €82 million respectively, UPM hopes to substantially improve both product quality and production efficiency, which will better enable the company to meet the challenges set by new office technologies, it has said.