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UPM-Kymmene Oyj (0NV5.L)

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  • Replacing fossil-based plastics with renewables – introducing Mysoda’s new sparkling water makers made of innovative UPM Formi EcoAce
    Globe Newswire

    Replacing fossil-based plastics with renewables – introducing Mysoda’s new sparkling water makers made of innovative UPM Formi EcoAce

    (UPM, Lahti, 21st October 2020 at 09:00 EET) – UPM Biocomposites and Finnish Mysoda have collaborated to create a range of sparkling water makers made almost entirely out of renewable materials. Traditionally, small kitchen appliances are made out of fossil-based plastics, so this innovation takes the sustainability of this type of product to a completely new level by substantially reducing the carbon footprint of the product. The raw material used for the Mysoda sparkling water makers is UPM Formi EcoAce biocomposite, which is made of wood fibres and renewable based biopolymer (on a mass balance basis), derived from UPM BioVerno naphtha. The materials originate from sustainable forestry and are produced from wood and pulp processing side streams and residues. Therefore, the raw material does not compete with food production and does not increase harvesting. Although composed of natural fibres, the UPM Formi EcoAce has similar material properties as fossil-based plastics and similar moulding technics can be used with it. The look and feel bears some similarities with wood as the wood fibres contained within create a natural finish for the end product. “The co-operation in the development of the new product has been very intensive, but very rewarding, for both parties. This product excellently embodies UPM’s Beyond fossils strategy. Wood fibres are a very inspiring source of new innovations and a great substitute for fossil-based materials. Strong collaboration from the initial idea to the design and raw material selection led to a completely new product concept. A very inspiring journey and innovation, indeed” says Ralf Ponicki, Director of UPM Formi. “We are very pleased to introduce a more environmentally friendly sparkling water maker which perfectly meets the expectations and coincides with the values of both consumers and our company. Consumers want to make their sparkling water at home, instead of carrying plastic bottles. Now we are taking a big leap further in this market, by giving consumers a sustainable alternative. We want to be a pioneer and an example for other producers of consumer goods to move towards more sustainable materials. Just as every tree is a unique creature, so is every Mysoda machine”, says David Solomon, CEO of Mysoda. Sustainable design is one of the core values for Arni Aromaa, Creative Director and Partner of Pentagon Design, which is the agency behind Mysoda’s design. For the design team it was natural to look for alternatives for fossil-based material in this home carbonation market, which is a sustainable solution in itself. Pentagon Design had an ambitious target to create a timeless product that would take centre stage in the kitchen whilst blending seamlessly with the strong Finnish design heritage. “Striving for more sustainable solutions is a fundamental element of good design. The use of UPM Formi EcoAce made it possible for us to create an appealing unique design and reduce the carbon footprint of the product. I am very pleased with having been part of the team with the unique result, developing a more sustainable consumer product”, says Arni Aromaa. New Mysoda sparkling water makers, made of UPM Formi EcoAce biocomposite, are being sold in all well-equipped retailers in Finland as well as in several European countries, from October 2020 onwards. There are two designs and several colour alternatives. You can read more about the new range here: www.mysoda.eu Photos of UPM Formi EcoAce material and Mysoda sparkling water maker and can be downloaded here:http://pet.upm.com/l/5tptFTvfqtNR For further information please contact:Ralf Ponicki, Director, UPM Formi, +49 151 465 61917 ralf.ponicki@upm.com David Solomon, CEO, MySoda,  +358 40 501 3363, dave@mysoda.fi UPM, Media RelationsMon-Fri 9:00-16:00 EETtel. +358 40 588 3284,  media@upm.com UPM BiocompositesUPM Biocomposites creates value from renewable and recyclable materials by combining expertise and technologies within fibre based engineered materials businesses. UPM Biocomposites consists of UPM ProFi products for outdoor living and UPM Formi granulates - both combining sustainability with high performance. UPM Biocomposites factories are located in Finland and Germany. www.upmformi.com, www.upmprofi.com. UPMWe deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 18,700 people worldwide and our annual sales are approximately EUR 10.2 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com Follow UPM on Twitter | LinkedIn | Facebook | YouTube | Instagram | #UPM #biofore #beyondfossils MysodaThe Finnish company Mysoda Oy is a manufacturer and marketer of sparkling water makers and the carbon dioxide and beverage concentrates used with them. Mysoda products are available at almost 3000 stores in Finland and in several other European countries. In all our operations, we strive for sustainability and eco-friendliness. We want to inspire and motivate people to make the most local sparkling water at their homes. www.mysoda.fi.

  • Globe Newswire

    Invitation to UPM’s webcast and press conference on Q3 2020 Interim Report

    (UPM, Helsinki, 20 October 2020 at 10:00 EET) – UPM will publish its third quarter results on 27 October 2020 at 09:30-10:00 EET. After publishing the report will be available on company's website at www.upm.com. A webcast and a conference call for analysts and investors in English language begins at 13:15 EET. UPM’s financial results will be presented by the President and CEO Jussi Pesonen and CFO Tapio Korpeinen. All participants can view the webcast online at www.upm.com or through this link, but participants who wish to ask questions must attend the conference call by dialling a number in the list below: Conference call title: UPM Interim Report for January – September 2020International telephone numbers: Australia Toll: +61 284058549 Austria Toll: +43 19287907 Belgium Toll: +32 24035814 Denmark Toll: +45 35445577 Finland Toll: +358 981710310 France Toll: +33 170750711 Germany Toll: +49 6913803430 Hong Kong Toll: +852 30600225 India Toll: +91 2271279610 Ireland Toll: +353 14311252 Italy Toll: +39 0236013821 Japan Toll: +81 344556492 Netherlands Toll: +31 207095189 Norway Toll: +47 23500243 Singapore Toll: +65 64298349 Spain Toll: +34 935472900 Sweden Toll: +46 856642651 Switzerland Toll: +41 225809034 United Kingdom Toll: +44 3333000804 United States Toll: +1 6319131422 PIN code: 34661817# We recommend that participants dial in 5-10 minutes prior to ensure a timely start of the webcast. The webcast will be available at www.upm.com for 12 months after the call. Later in the afternoon, at 14:30 EET, CEO Jussi Pesonen will present the results in a press conference held in Finnish language both at the Biofore House and online. Due to the Covid-19 pandemic, participation to the Biofore House event is restricted to members of media only. Others are asked to follow the presentation online. To register to the live or online event, visit this link. Only the registered will receive the link to the online press conference. For more information, please contact: UPM, Investor RelationsMon–Fri from 9:00 to 16:00 EETtel. +358 20 415 0033ir@upm.com UPM, Media RelationsMon–Fri from 9:00 to 16:00 EETtel. +358 40 588 3284media@upm.com UPMWe deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 18,700 people worldwide and our annual sales are approximately EUR 10.2 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com Follow UPM on Twitter | LinkedIn | Facebook | YouTube | Instagram | #UPM #biofore #beyondfossils

  • Globe Newswire

    UPM Kaipola paper mill to be permanently closed during the last quarter of 2020, operations continue at Jämsänkoski paper mill

    (UPM, Helsinki, 15.10.2020 at 13:00 EET) – Employee consultations for UPM Communication Papers were concluded at the Jämsä River mills this week. The UPM Kaipola paper mill in Jämsä, Finland, will be closed permanently by mid-December. UPM’s second paper mill in Jämsä, UPM Jämsänkoski, will continue operations with one graphic paper machine and two specialty paper machines. The parties were not able to identify an economically viable solution for the future operation of UPM Kaipola. Consequently, Kaipola’s three paper machines will be permanently closed, affecting altogether 448 positions at the mill, of which 20 positions will be transferred to UPM Jämsänkoski’s Specialty Papers operations. Approximately 20 % of the redundancies will be retirements, with discussions pending. The closure will lead to an annual reduction of 720,000 tonnes of graphic paper capacity, thereof 450,000 tonnes of newsprint and 270,000 tonnes of coated mechanical paper. An after-care team will ensure safe conditions at the mill after the closing. The decisions were based on thorough assessments of graphic paper demand, global economic development and the local operating environment. Global demand for graphic paper has been declining consistently for years. In addition, the COVID-19 pandemic and related measures have caused a short-term disruption in demand and weakened the overall economic outlook. ”UPM Kaipola has competent teams and well operated machines. However, external factors such as high logistics costs in Finland, high tax burden and cost of labour as well as increasing fibre costs make it the least competitive among UPM’s graphic paper mills. Its profitability outlook has permanently deteriorated,” says Winfried Schaur, Executive Vice President for UPM Communication Papers. ”The recent weeks have been demanding. The mill personnel has been temporarily laid-off due to low order inflow. Still, the consultations were carried out in a constructive spirit. The consultations focused on the reasons for the plan, its potential impact and alternatives, and comprehensive change support for the affected employees. Unfortunately, the current economic and market environments do not provide a business case for the continuation of production at UPM Kaipola and actions need to be taken to ensure the future competitiveness of UPM Communication Papers,” says Schaur. ”During the consultations we agreed on an extensive ‘From-job-to-job-program’ to support affected employees. The program has been our model for change support since 2006 and offers voluntary company support e.g. for retraining, re-employment, move to another city and health care in addition to the statutory support defined in the Finnish law and UPM labour agreements,” Schaur continues. There have been enquiries from companies in different sectors concerning the UPM Kaipola site. UPM is looking into these enquiries. Further, UPM is participating in the cooperation group for sudden restructuring set up by the the city of Jämsä and is cooperating with authorities from the Finnish Ministry of Employment and Economy. The actions announced today strengthen the overall cost competitiveness of UPM Communication Papers and are a prerequisite for consistent profitable performance in the long run. As items affecting comparability in Q3 2020, UPM recognizes restructuring charges in total of EUR 99 million, whereof EUR 38 million as cash costs. The actions will result in annual savings of EUR 47 million. For further information please contact:Winfried Schaur, Executive Vice President, UPM Communication Papers, tel. +49 821 3109225 (in English and German)Anu Ahola, Senior Vice President, UPM Communication Papers, News & Retail, tel. +358 40 585 0891 (in Finnish and English)Antti Hermonen, General Manager, Jämsä river mills, tel. +358 400 280 839 (all questions related to change support) UPM, Media Relations Mon-Fri 9:00-16:00 EETtel. +358 40 588 3284 media@upm.com UPMWe deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 18,700 people worldwide and our annual sales are approximately EUR 10.2 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com Follow UPM on Twitter | LinkedIn | Facebook | YouTube | Instagram | #UPM #biofore #beyondfossils