UPM’s plywood sales at the lowest level since 2009

In the second quarter of 2023, the plywood business division of UPM-Kymmene Corp (Helsinki) sold a total plywood volume of 118,000 m³ (April-June 2022: 168,000 m³). One reason for the double-digit year-on-year decline of 30% is the lack of volumes from the birch plywood mill in Chudovo (Russia), which was taken out of...

Ongoing weak demand in most product segments will affect results development of UPM-Kymmene Corp. (Helsinki) in 2023 more significantly than expected. In the quarterly report published on 25 April, the company had forecast a year-on-year increase in comparable EBIT for the first half of the year as well as strong...

Due to ongoing weak demand, UPM-Kymmene Corp. (Helsinki) cut back production at its softwood veneer and plywood mills in the first quarter of 2023. According to the business report published on 25 April, operations at the Pellosniemi softwood plywood mill and the veneer mill in Vuohijärvi, operating under the name UPM...