Business News

UPM Timber prepares for production curtailments at the end of the year

Wednesday 15. September 2010 - UPM's Timber business will curtail its production in Finland during the fourth quarter of 2010. D

emand for sawn
timber has decreased and due to the seasonal changes demand is estimated to
further slow down towards the end of the year. Also high wood price in Finland
has weakened the business’ cost competitiveness in the markets.

The production curtailments in Timber business and possible temporary lay-offs
are to be carried out according to mill-specific plans. UPM Timber has
curtailed its production also during the first half of 2010, and has closed
down a sawmill in Heinola and a further processing mill in Parkano during the
early 2010.