End of lockout at Alma Resolute Forest Products plant

UPM Biofuels has joined the BIKE project that promotes low-ILUC risk biofuels production for European Bioeconomy. The project brings together companies and research organisations who believe that novel, safe and reliable biomass value chains can be deployed to produce food, feed, biofuels and biomaterials with a low risk of generating indirect land use change. Sustainable biomass-based biofuels mitigate ILUC (Indirect Land Use Change) because they result from productivity increases such as sequential cropping of cover or intermediate crops, or they come from crops grown on abandoned or severely degraded land. Sustainable biofuels are needed to rapidly decrease transport emissions in the EU. The responsible production of feedstock for biofuels through well-designed sustainable biomass value chains can enhance soil health and promote green resilience practices in agriculture, thus serving the objectives of the European Green Deal and fostering the bioeconomy.

Total European shipments of graphic papers in December 2022 were down 29.8% vs. December 2021 and shipments were down 14.0% year-to-date. Total European shipments of newsprint in December 2022 were down 20.1% vs. December 2021 and shipments were down 9.9% year-to-date. Total European shipments of sc-magazine in December 2022 were down 28.2% vs. December 2021 and shipments were down 16.9% year-to-date. Total European shipments of coated mechanical reels in December 2022 were down 37.2% vs. December 2021 and shipments were down 22.2% year-to-date. Total European shipments of uncoated mechanical (improved & others) in December 2022 were down 16.2% vs. December 2021 and shipments were down 13.9% year-to-date. Total European shipments of coated woodfree in December 2022 were down 45.5% vs. December 2021 and shipments were down 11.1% year-to-date. Total European shipments of uncoated woodfree in December 2022 were down 26.8% vs. December 2021 and shipments were down 12.6% year-to-date.

January–September 2017 (1–9/2016) • Sales were EUR 3,712 million (3,483). • Operating result was EUR 397 million (333). Comparable operating result was EUR 381 million (332). • Result before tax was EUR 345 million (275). Comparable result before tax was EUR 330 million (275). • Comparable return on capital employed was 11.2 per cent (10.5). Comparable return on capital employed excluding investments related to the bioproduct mill was 14.0 per cent (11.9). • Cash flow from operations was EUR 611 million (298). July–September 2017 (7–9/2016) • Sales were EUR 1,260 million (1,143). • Operating result was EUR 143 million (107). Comparable operating result was EUR 134 million (103). • Result before tax was EUR 109 million (89). Comparable result before tax was EUR 100 million (85). • Comparable return on capital employed was 10.8 per cent (9.8). Comparable return on capital employed excluding investments related to the bioproduct mill was 13.7 per cent (11.1). • Cash flow from operations was EUR 420 million (177). Click Read More below for additional information.