UPM-Kymmene - Company Announcement

UPM closes 130,000 tonnes of newsprint capacity in France

UPM-Kymmene Corporation   Stock exchange release      22 June 2015 at 9:30 EET

UPM closes 130,000 tonnes of newsprint capacity in France

UPM permanently closes paper machine No.3 at UPM Chapelle Darblay in France as
of today, 22 June. The consultations regarding its closure were finalised at
the end of April and approved by the Labour administration in the beginning of
June. The plan to close the machine was announced in November 2014. The closure
has an impact on 187 positions at the mill. 

UPM Chapelle Darblay will continue paper production on the remaining paper
machine No.6 producing standard newsprint and improved grades (MFS) with an
annual capacity of 250,000 tonnes. 

“This year the European newsprint market has faced even stronger headwind than
expected. However, our collective actions will ensure the efficient use of our
remaining capacity and secure reliable deliveries to our customers,” says Bernd
Eikens, Executive Vice President, UPM Paper ENA. 

The announced decision is part of UPM's EUR 150 million profit improvement
target introduced in November 2014.The full profit improvement programme
includes variable and fixed cost savings in all UPM businesses and functions. 

For further information please contact:

Winfried Schaur, Senior Vice President, Newspaper Publishing, UPM Paper ENA,
tel. +49 821 3109 9270 
Jean Kubiak, General Manager, UPM Chapelle Darblay, UPM Paper ENA, best
availability from: 14:00-17:00 CET, tel. +33 23518 4022 


Previous press releases:

Employee negotiations concluded in Finland and the UK - UPM closes 675,000
tonnes of publication paper capacity 

UPM introduces a new profit improvement target of EUR 150 million - UPM Paper
ENA plans to reduce 800,000 tonnes of publication paper capacity in 2015 

Note to the editors:

UPM Chapelle Darblay
After the closure UPM Chapelle Darblay manufactures standard and special
newsprint (MFS) with the annual capacity of 250,000 tonnes. Located in Northern
France the mill employs 211 people. 

UPM Paper ENA (Europe & North America) is the world's leading producer of
graphic papers, serving customers in Magazine Publishing & Advertising,
Merchants, Home & Office, and Newspaper Publishing. A leader in sustainable and
high performance papers, UPM Paper ENA's production is located in Finland,
Germany, the United Kingdom, France, Austria, and the United States. With
headquarters in Germany, UPM Paper ENA employs approximately 10,000 people. To
learn more about UPM Paper ENA, visit: www.upmpaper.com 

UPM in brief
Through the renewing of the bio and forest industries, UPM is building a
sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM
Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood.
Our products are made of renewable raw materials and are recyclable. We serve
our customers worldwide. The group employs around 20,000 people and its annual
sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX
Helsinki. UPM - The Biofore Company - www.upm.com 


UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations

UPM, Media Relations
9.00-16.00 EET
tel. +358 40 588 3284
media@upm.com

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