Lamitech Receives A “Superior” Food Safe AIB Certification 7 Years In A Row

The fourth sheeting line at the UPM Kymi paper mill started full production at the end of October, strengthening UPM’s position on the market for graphic fine paper sheets. The new sheeting line, comprised of a folio sheeter, conveyors and a packaging line further expands the paper production area of the UPM Kymi integrated mill site. The new line was built in a space previously used as a warehouse, specifically converted for this purpose. The project was safely and successfully completed despite restrictions of Covid-19. Start-up took place on 24 September and performance tests have been conducted throughout October. The new line will produce coated and uncoated graphic fine paper sheets.

Financial summary for the quarter and full year • EBITDA excluding special items o For the quarter US$177 million (Q4 FY20 US$82 million) o For the year US$532 million (FY20 US$378 million) • Profit for the period o For the quarter US$35 million (Q4 FY20 loss of US$88 million) o For the year US$13 million (FY20 loss of US$135 million)

UPM sells its Jyväskylä plywood mill site and premises, located in Säynätsalo, Jyväskylä in Finland, to real estate developer Redeve Oy. The transaction was completed today, and the ownership of the real estate was transferred to Redeve immediately. At the same time, businesses currently renting premises on the site, will become tenants of Redeve. “We are delighted to find a buyer for the mill site so quickly. The site has been developed as a business district already while the plywood mill was operating. We have had successful co-operation with Redeve also earlier and we believe this good news for the further development of the site”, says Jaakko Kaijalainen, Property Manager at UPM. Redeve has earlier bought the Myllykoski mill site and the Voikkaa business district from UPM and operates business districts on both locations. Same is being planned also for Säynätsalo.