UPM considering investing €150M in a pulp drier, other improvements at its Kymi pulp and paper mill in Kouvola, Finland; board of directors has not yet authorized project

LOS ANGELES , January 31, 2014 () – UPM-Kymmene Oyj is considering investing €150 million (US$202.3 million) in a pulp drier and some other improvements at its Kymi pulp and paper mill in Kouvola, Finland, according to Kouvolan Sanomat on Jan. 31.

The investment has been pending for some time.

The company’s board of directors has addressed the proposal but hasn’t yet given the go-ahead, though approval is likely, the publication reported.

The company isn’t commenting on the matter.

The Kymi pulp and paper mill has a pulp production capacity of 570,000 tonnes/year on two lines, both hardwood and softwood, and its most recent major rebuild was in 2008, according to the company website.

The primary source of this article is Kouvolan Sanomat, Kouvola, Finland, on Jan. 31, 2014.

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