UPM announced that the maintenance shutdown at its Kaukas pulp mill, which began in August, will be extended by two weeks, with operations now expected to resume on October 11, 2025.
In addition, the company will temporarily shut down its Pietarsaari pulp mill for approximately two weeks in November.
“We are focused on ensuring the profitability of our business. By curtailing our production, we adapt to the pulp market situation and high wood cost level,” said Petri Hakanen, Senior Vice President, UPM Fibres Finland Operations.
Adjusting to Market Conditions
The decision reflects ongoing challenges in the pulp sector, including elevated raw material costs and fluctuating demand. By reducing output, UPM aims to stabilize operations and maintain competitiveness in a difficult market environment.
UPM Fibres encompasses the company’s pulp and timber businesses, wood sourcing, and forestry operations. UPM Pulp operates three mills in Finland and two in Uruguay, supported by plantation activities. UPM Timber runs four sawmills in Finland, while UPM Forest manages UPM-owned and private forests in Northern Europe, securing wood and biomass for the group and offering services to forest owners and investors.
UPM is a global material solutions company with a portfolio spanning renewable fibres, advanced materials, decarbonization solutions, and communication papers. The company employs around 15,800 people worldwide and generated €10.3 billion in sales last year. UPM shares trade on Nasdaq Helsinki Ltd.
