UPM has newly adopted the target of doubling the amount of broadleaved trees growing in company-owned forests in Finland. In the light of current research data, increasing the proportion of broadleaved trees improves the forest’s growth and yield as well as its species diversity and resistance to climate change. 

Metsä Tissue, part of Metsä Group, has today, on 20 May 2020, filed an environmental permit application with the Land and Environment Court in Vänersborg (Mark- och miljödomstolen vid Vänersborg tingsrätt) concerning its plans to increase fresh fibre based tissue paper production at its Mariestad mill in Sweden.

Antalis has been informed of the exercise by Sequana, its majority shareholder, of the exercise of the put option and the signature of the share purchase agreement with Kokusai Pulp & Paper Co., Ltd. (“KPP”) on 19 May 2020, pursuant to which Sequana would sell to KPP all of its Antalis shares, representing 75.2% of the share capital and 82.5% of the voting rights (based on a share capital comprised of 71,000,000 shares and 129,490,457 voting rights as at 30 April 2020) at a price of 0.10 euro per share.

Metsä Fibre, part of Metsä Group, signed a preliminary agreement with ABB to supply electricity systems to the bioproduct mill in Kemi, Finland. The degree of Finnish origin for the delivery is high, more than 60%.

Metsä Board is adding three new grades into its Express Board offering. The new eco-barrier paperboard MetsäBoard Prime FBB EB, uncoated folding boxboard MetsäBoard Natural FBB and MetsäBoard Pro FBB OBAfree are now available with enhanced availability and quick lead times via the Express Board service.

In light of the European Commission’s expected announcement of which business ecosystems will be targeted by the European Recovery Plan and new Industrial Strategy for Europe, the partners of the forest-based sector have sent a proposal to EU Commissioner for Internal Market Thierry Breton to include the European Forest-based Industries Ecosystem as one of the ecosystems eligible for support in the plan.

UPM is proceeding at full speed with its investment project in Uruguay and has taken several steps forward. UPM and the new Government of Uruguay have signed a memorandum of understanding on pending items related to UPM’s growth project in Uruguay that will further strengthen the implementation of UPM's growth project and existing operations in Uruguay as well as the local economy.

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