Business News

UPM TIMBER PLANS CLOSING OF ITS BOULOGNE FURTHER PROCESSING MILL IN FRANCE

Tuesday 23. June 2009 - UPM Timber begins employee negotiations for closing the Boulogne mill and centralizing the further processing operations in France to Aigrefeuille further processing mill.

The plan is also to streamline the sales function and reduce the number of employees to meet with the planned operations in Aigrefeuille. The Boulogne mill profitability is weak and the market outlook for timber business is expected to continue difficult.

Due to the strongly weakening market situation, UPM Timber has curtailed its production at the company’s all 6 sawmills in Finland during spring and summer.

Boulogne-sur-Mer further processing mill employs 21 people. UPM is prepared to provide support for relocation and retraining. The mill, located in Northern France, produces planed goods and its annual production capacity is 30,000 cubic metres. Boulogne mill was founded in 1989.