UPM to up mill competitiveness

20 January 2005 – Helsinki (FIN): UPM is to invest €14 million ($18 million) on its Finish wood product manufacturing, in a bid to develop the company’s competitiveness.

The investments, designed to modernise and increase production at the company’s Korkeakoski and Kaukas sawmills and the Jyvaskyla plywood mill, will be completed next autumn.

Earlier in December, the company had announced it planned to invest €4.5 million in the modernisation of its Kaukas plywood mill.