Paper ops sales complete | PrintWeekIndia
UPM has completed the sale of all of its Russian operations while Stora Enso has completed the divestment of its Hylte paper site.
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UPM has completed the sale of all of its Russian operations while Stora Enso has completed the divestment of its Hylte paper site.
UPM has completed withdrawal of its businesses from Russia by selling all its Russian operations, including the Chudovo plywood mill, to Gungnir Wooden Products Trading. The parties have agreed not to disclose the details of the transaction. Following Russia's war of aggression in Ukraine, UPM announced in March 2022 suspension of its business activities in Russia, including deliveries, wood procurement and the Chudovo plywood mill.
UPM has completed the sale of all of its Russian operations while Stora Enso has completed the divestment of its Hylte paper site.
(UPM, Helsinki, 3 April 2023 at 09.00 EEST) - UPM has completed withdrawal of its businesses from Russia by selling all its Russian operations, including the Chudovo plywood mill, to Gungnir Wooden Products
Finnish forestry industrial holding UPM has sold its Russia operations, the company announced Read Full Article at RT.com