HELSINKI, Nov. 12, 2024 /PRNewswire/ -- UPM Timber has been awarded Timber Development UK's (TDUK) Sustainability Award. The Sustainability Award recognises a company that shows leadership in push for net zero emissions. TDUK is the largest, most comprehensive supply chain body for timber in the UK, with a mission to unite the supply chain, from sawmill to specifier, and to support a sustainable, net zero timber industry.
"The UPM Timber team has worked systematically and determinedly towards sustainability. It's truly great to receive this recognition from our customers and the industry organisation in the UK. Our efforts continue, and we want to challenge the entire wood products industry to reduce emissions from logistics in particular," says Antti Koulumies, VP, UPM Timber.
HELSINKI, Oct. 31, 2024 /PRNewswire/ -- UPM Specialty Papers and Eastman have co-created a novel biopolymer coated paper packaging solution, designed for food applications requiring grease and oxygen barriers. The solution integrates Eastman's biobased and compostable Solus™ performance additives with BioPBSTM polymer to form a thin coating onto UPM's compostable and recyclable barrier base papers. Thanks to the thinness of the coating layer, the solution is designed for recycling within existing fibre recycling streams, empowering brands to adopt sustainable packaging.
HELSINKI, Oct. 31, 2024 /PRNewswire/ -- UPM Raflatac, a global supplier of sustainable labeling solutions, is expanding its direct thermal (DT) linerless label offering with the launch of its new OptiCut™ WashOff solution. The new linerless label is specifically designed for returnable and reusable plastic food containers, including PP, HDPE and PET crates used in food logistics. Available to customers now, the label launch meets the need for innovative plastic packaging solutions, driven by evolving regulations and consumer demand.
UPM-Kymmene Corporation Stock Exchange Release (Financial Calendar) 29 October 2024 at 14:00 EET
HELSINKI, Oct. 29, 2024 /PRNewswire/ -- In 2025, UPM will publish financial reports in accordance with the following schedule:
- Financial Statements Release for the year 2024 will be published on 5 February 2025 approximately at 09:30-10:00 EET
- Interim Report for January-March (Q1) will be published on 24 April 2025 approximately at 09:30-10:00 EEST
- Half-year financial report for January-June (Q1-Q2) will be published on 24 July 2025 approximately at 09:30-10:00 EEST
UPM-Kymmene Corporation Stock Exchange Release (Changes board/management/auditors) 29 October 2024 at 10:05 EET
HELSINKI, Oct. 29, 2024 /PRNewswire/ -- Mika Kekki has been appointed Executive Vice President of UPM Specialty Papers as of 1 January 2025. He will continue to be a member of UPM's Group Executive Team and report to UPM's CEO Massimo Reynaudo.
Mika Kekki is currently the Executive Vice President of UPM Plywood and continues to hold the position until the end of 2024. He joined UPM in 1994 and has been a member of the Group Executive Team since 2021.
HELSINKI, Oct. 29, 2024 /PRNewswire/ -- UPM-Kymmene Corporation Stock Exchange Release (Interim Report) 29 October 2024 at 09:40 EET
UPM Interim Report Q3 2024:Comparable EBIT +32% from last year in a challenging market
Q3 2024 highlights
Sales decreased by 2% to EUR 2,521 million (2,584 million in Q3 2023)Comparable EBIT increased by 32% to EUR 291 million, 11.5% of sales (220 million, 8.5%)Operating cash flow was EUR 242 million (641 million)Demand recovery for UPM's products slowed downUPM Paso de los Toros pulp mill was in full productionUPM acquired Grafityp in Belgium to accelerate growth in UPM RaflatacUPM closed the Hürth newsprint mill and decided on the shutdown of one fine paper machine at the Nordland mill, GermanyEcoVadis awarded UPM a platinum score based on the company's sustainability performanceHELSINKI, Oct. 24, 2024 /PRNewswire/ -- UPM Specialty Papers and Michelman have co-created three cutting edge solutions that are designed to allow brand owners to replace multi-material, non-recyclable packaging with paper-based alternatives that meet their requirements for food contact and recyclability.
"UPM's papers provide a perfect foundation for our water-based barrier and heat seal coatings. Working closely with them for many years has allowed our combined team to increase the performance threshold of fiber-based substrates while maintaining recyclability. These new solutions will allow the market to accelerate its transition to more sustainable packaging," says Thierry Van Migem, Sales Director, EMEA, Michelman.
HELSINKI, Oct. 24, 2024 /PRNewswire/ -- UPM Biomedicals, the forerunner in producing high quality nanofibrillar cellulose for medical and life science applications, today announces the launch of FibGel™— a natural injectable hydrogel for permanent implantable medical devices. FibGel is a nanofibrillar cellulose hydrogel made from birch wood cellulose and water only, offering a safe, sustainable and biocompatible alternative for medical device developers. Designed and manufactured under ISO 13485 standards in Finland and designed for medical applications, FibGel is poised to transform the fields of soft tissue repair, orthopaedics, regenerative medicine and more.
HELSINKI, Oct. 16, 2024 /PRNewswire/ -- UPM lowers its outlook for 2024 and releases its preliminary Q3 2024 results. During the second half of the year, UPM's earnings have improved, however less than earlier expected. Comparable EBIT in Q3 2024 increased by 32% to EUR 291 million from Q3 2023, and 17% for the first nine months compared to last year. Comparable EBIT in Q4 2024 is expected to be on similar level or increase from Q4 2023 (EUR 323 million). Therefore, UPM's comparable EBIT in full-year 2024 is expected to be on similar level or increase from 2023.
HELSINKI, Oct. 9, 2024 /PRNewswire/ -- UPM Specialty Papers is looking forward to attending PACK EXPO International 2024, where you will find us on stand W-21110 in west hall.
Visitors will be able to explore an innovative portfolio of fibre-based, recyclable packaging papers that help customers and brand owners bring power to their purpose. These include a number of new and exciting solutions co-created with customers and expert partners from across the packaging value network.
Demand for sustainable packaging continues to experience rapid growth. These co-creation projects are leading to recyclable, fibre-based breakthroughs that support packaging sustainability goals of brands and packaging converters.
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