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Paper, packaging and forestry giant UPM has reported steep declines in demand in the fine paper and label categories for the first quarter of 2023. The Finland-based group said European fine paper demand in Q1 2023 was down by 32% year on year, while that of self-adhesive label materials at its Raflatac unit declined in
FILE PHOTO: The UPM logo and corporate flag are seen at the UPM paper mill in Kajaani July 21, 2008. REUTERS/Bob Strong
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 announced a further reduction in uncoated magazine paper capacity and has brought forward the shutdown of its Austrian newsprint mill.
The United People's Movement (UPM) says forging political alliances is opposition parties’ best tool to defeat the ruling Swapo Party at the national polls next year.With...