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In Finland, UPM received one of the largest business subsidies in 2023, along with shipping company Viking Line, stainless steel company Outokumpu; forest industry company Stora Enso came in fourth, followed by paperboard producer Metsä Board

UPM ramping up production at its Finnish mills that were affected by strikes in the logistics sector; paper machines at UPM Rauma, UPM Jämsänkoski mill restarting, and pulp, paper production starting up at UPM Kymi and UPM Kaukas mills

Sylvamo to Release First Quarter Earnings May 10

UPM's Caledonian Paper Mill in Scotland celebrates 35 years, currently employs about 300 people; mill produces lightweight coated magazine paper, and produces all of its own heat, over half of its electricity needs with biomass-fueled CHP plant

Paper Excellence working through administrative process of returning federal funding, previously announced as C$14.3M, after idling paper operations at Catalyst Crofton mill; company has returned C$4.5M to BC province that was slated to retool paper line

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