UPM-Biofore-Magazine-1-2016-EN

I N T I M E

UPM expands Otepää plywood mill

UPM is set to strengthen its position as the leading plywood manufacturer in Europe by expanding the Otepää plywood mill in Estonia. “New competitive production capacity will improve our capability to respond to growing demand and to serve our key customer industries more reliably and effectively. Our goal is to secure our favourable profitability development”, says Mika Sillanpää , Executive Vice President of UPM Plywood. The expansion will bring the mill’s production to almost double at 90,000 m 3 per annum. In addition to the mill's expansion, the site will also host a new bio power plant, which will replace the old, partly oil-burning plant. The investments made in Otepää total about EUR 40 million. Around 40 new employees will join the personnel at the expanded plant.

UPM's Chudovo plywood mill turns 25 UPM's Chudovo Plywood Mill

celebrated its 25 th anniversary on Sunday, 1 November 2015. The mill has been the pioneer of the modern plywood industry in Russia and continues to set the benchmark for

UPM has been listed as the industry leader in the Dow Jones European and World Sustainability Indices (DJSI) for 2015–2016. The listing comes as recognition for excellent environmental performance, responsible sourcing practices and strict corporate governance, but is also a sign of successful communications and engagement with stakeholders. “We actively share our activities with our stakeholders and their impacts on the environment, people and the economy, which has been positively noted,” says Pirkko Harrela , Executive Vice President, Stakeholder Relations. The DJSI follows a best-in-class approach, recognising companies across all industries that outperform their peers in sustainability metrics. UPM is listed in the indices for the fourth year in a row. External recognition for responsibility from Dow Jones

the local plywood industry. “UPM Chudovo is one of our top-performing mills in UPM

Plywood. Continuous development, quality improvement and motivated employees are the keys of its success,” says Mika Sillanpää , Executive Vice President, UPM Plywood.

You can now read Biofore Magazine and interesting articles in our new digital publication at www.upmbiofore.com.

08 | BIOFORE