UPM-Kymmene Oyj: UPM Pulp curtails production at Kymi and Kaukas pulp mills

"We are adjusting our production as a normal measure in line with market and cost developments, focusing on profitability," says Marko Sundqvist, Vice President, Pulp Operations Finland.

The shutdown of the Kaukas pulp mill will start on 9 September and the shutdown of the Kymi pulp mill on 23 September. The shutdowns are estimated to last for three weeks. Maintenance work will be carried out during part of the shutdown period, but temporary layoffs are possible.

UPM's pulp mills in Pietarsaari and in Uruguay will continue to run at full capacity. Deliveries to customers will continue normally during the shutdowns.

For further information please contact:
Marko Sundqvist, VP, UPM Finland Pulp Operations, tel. +358 40 751 5144

UPM, Media Relations
Mon-Fri 9:00-16:00 EEST
tel. +358 40 588 3284
media@upm.com

UPM Pulp
UPM is one of the world's leading producers of northern softwood, birch and eucalyptus pulp. We supply global customers in end use segments such as tissue, specialty and packaging as well as printing and writing papers, and board, through our own sales and technical service network close to customers. UPM Pulp operates four modern pulp mills, three in Finland and one in Uruguay, as well as eucalyptus plantations in Uruguay. UPM Pulp employs approximately 1,800 people. Annual pulp production capacity is 3.7 million tonnes. In 2019 we started the construction of a 2.1 million tonne/year greenfield eucalyptus pulp mill near Paso de los Toros in central Uruguay. The mill is scheduled to start up in the second half of 2022. Pulp Business is part of the UPM Biorefining Business Area which combines the integrated production of pulp, timber and biofuels with a synergistic supply chain of wood raw materials. www.upmpulp.com Follow us onX.com (https://twitter.com/UPMPulp) |LinkedIn (https://www.linkedin.com/company/upm-pulp/)

UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 16,600 people worldwide and our annual sales are approximately EUR 10.5 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore - Beyond fossils.www.upm.com

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