Communication Papers News Today

UPM has appointed Antti Jääskeläinen to take temporary charge of its Communication Papers division. Jääskeläinen will continue in his role as EVP at the UPM Raflatac business until a full-time head of Communication Papers has been appointed. Former Communication Papers EVP Massimo Reynaudo – who was appointed in 2021 – has been the group’s CEO

Q3 sales at paper and packaging group UPM fell by 24% year on year, with the steepest decline coming from its Communication Papers business area. Total company sales in the third quarter were €2.58 billion ($2.75 billion), down from €3.42 billion 12 months ago. Last year’s Q3, it should be noted, was favourably impacted by

UPM has announced plans to close its Plattling mill in Germany alongside interim results that were impacted by destocking and lower pulp prices in Q2.

Georgia-Pacific (GP) exec Scott Light has announced he is retiring after 25 years with the company. Light currently leads GP’s Packaging & Cellulose segment, which includes the paperboard, corrugated and cellulose pulp businesses, a position he has occupied since 2017. Prior to that, he served as President of GP Pro & Communication Papers as well

Finnish forestry firm UPM's first-quarter underlying earnings rose by 29% from a year earlier, the company said on Tuesday, but missed analysts expectations, sending its shares 2% lower.

UPM has announced a further reduction in uncoated magazine paper capacity and has brought forward the shutdown of its Austrian newsprint mill.

Paper mills in India and around the world are feeling the impact of “significant uncertainties''. This includes the war in Ukraine, the ongoing impact of the Covid-19 pandemic, and commodities like market pulps, crude, coal, furnace oil (energy costs), chemicals and shipping freights which have "skyrocketed at rates unseen in a decade or more."

UPM-Kymmene Oyj (OTCPK:UPMKF) Q2 2022 Earnings Conference Call July 21, 2022, 06:15 AM ET Company Participants Jussi Pesonen - President and Chief Executive Officer Tapio Korpeinen -...

UPM strike: despair as union rejects proposals

Printers and print buyers are in despair after the Finnish Paperworkers' Union rejected the four UPM strike settlement proposals on the table –  apparently due to the impasse at Communication Papers where talks had stalled. The strike has been extended yet again as a result.