UPM-Kymmene Corporation Investor News 15 January 2009 at 20:00
UPM has sold its former paper mill and related assets in Miramichi, New
Brunswick, Canada, to Umoe Solar AS of Norway. The sale includes the paper mill,
a groundwood pulp mill, woodlands operations, and two sawmills located nearby in
Bathurst and Blackville. The parties have agreed not to disclose the sale price.
UPM records an income of approximately EUR 20 million on the sale as a special
item in the first quarter of 2009.
The Miramichi paper mill, with an annual production capacity of 450,000 tonnes
of light-weight coated magazine paper, was permanently closed in December, 2007.
The disabled paper machines can no longer be used for paper production.
For further information, please contact:
Mr Timo Suutarla, General Manager, UPM, Miramichi, tel. +1 506 6273714
Mr Olavi Kauppila, Senior Vice President, Investor Relations, tel. +358 204 15
0658
UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Corporate Communications
UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284
communications@upm-kymmene.com
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