Global tissue manufacturer Sofidel opens its second greenfield plant in the US (apnews.com)

UPM closed the sale of its Chapelle Darblay newsprint mill site to the Community of Rouen today. This sale is an asset sale, covering land, the buildings and the equipment. No personnel will be transferred. UPM had permanently ceased production and agreed a social plan for its employees at its Chapelle mill in Grand-Couronne, France already in June 2020. UPM had originally committed to selling the site to a consortium of two partners, Samfi and Paprec France SAS, in October 2021. The Community of Rouen then pre-empted the sale of the Chapelle Darblay land and buildings in February 2022, cancelling the sale to Samfi and Paprec France SAS. UPM will remain committed to the French newsprint market and will continue close collaboration with its partners and customers in France.

As a leading global manufacturer of label stock for the digital printing market, UPM Raflatac knows how important it is to match the right label materials to the right printer. The company’s innovative Label Material Finder for Digital Printers tool has recently undergone a series of upgrades to make it even easier for converters to learn which of UPM Raflatac’s high-quality and sustainable paper and film labeling materials will perform best on their printers. This innovative tool provides up-to-date and accurate product information about UPM Raflatac's digital label stock materials as well as star ratings for how they will perform on various digital printers, ranging from small desktop models to industrial-scale digital presses. Go to: https://www.upmraflatac.com/products-and-services/services/print-house-services/printer-recommendation-tool-ratings-and-oem-information/ to access UPM Raflatac’s upgraded Label Material Finder for Digital Printers tool. It is also available for registered users on the MyRaflatac customer platform.

KEY HIGHLIGHTS *Sales volumes increased by 5% *Continued positive development of the ramp-up at Gruvön (KM7) *Cost and efficiency programme exceeding target *Strong operating cash flow *The Board of Directors proposes dividend of SEK 4.30 per share. Quarterly data *Net sales amounted to SEK 5 803 million (5 815). Excluding currency effects sales grew by 2% *Operating profit rose to SEK 163 million (103), including SEK 73 million revaluation gain in an associated company *Net profit from continuing operations was SEK 242 million (283)