Pulp Matters 1/2022

Actions matter Pulp can make a difference in the fight against climate change. Our aim is to deliver this raw material of the future in a reliable, consistent and sustainably managed way. Dear reader, welcome to the first issue of Pulp Matters magazine. As the title of the publication implies, we at UPM Pulp believe that renewable, recyclable and sustainable wood fibres can truly make a difference. In this publication, we highlight the ways in which UPM Euca pulp from Uruguay matters for the planet, society, local communities, and last but not least, for our valued clients and their growing business. Replacing fossil-based materials with pulp-based alternatives can meet the everyday needs of an ever-growing global population in a sustainable way. As we gradually recover from the effects of the Covid-19 pandemic, 2022 has continued on a turbulent path. Due to Russian aggression against Ukraine – besides providing humanitarian and material support to Ukraine and our employees in the affected areas – UPM has suspended purchasing wood in and from the country and ceased delivering products to Russia. The situation is constantly evolving, but what is clear is that geopolitically, Europe has changed substantially and possibly permanently, with wide-reaching human, political and economic implications. In Finland, UPM Pulp’s operations have been resumed after the historically long strike by the Paperworkers’ Union ended in April. The new collective labour agreements reached lay a solid foundation for a successful future together. We are determined to resume our production and services as swiftly as possible and strive to restore our customers’ trust in trouble-free, consistent and stable deliveries well into the future. We are, have been, and plan to be in this business for the long run. As testament to our longevity and commitment is the fact that our operations at UPM Kymi mill site celebrate the 150th anniversary this year. Another demonstration of our long-term commitment is the USD 3 billion investment into our new pulp mill in Paso de los Toros in central Uruguay. Adding to the capacity of our existing mill in Fray Bentos, the new mill will more than double UPM’s production of eucalyptus pulp. With an exchangeable quality of pulp from two modern pulp mills, our customers can even better rely on the security of supply.

Tomas Wiklund Senior Vice President, Pulp Sales UPM Pulp

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