Closure of UPM’s paper mill shifts focus on condition of Finland’s forestry sector
The operating conditions of the forest industry in Finland came into focus on Thursday as Finnish forestry giant UPM elaborated on its decision to close down its hallmark paper mill in Kaipola, central Finland. The business circumstances for the pillar paper industry in Finland are now "overwhelming," said UPM President and Chief Executive Officer Jussi Pesonen in an open letter on Thursday. The paper and forestry sector is one of the pillar industries of Finland. The closing of the Kaipola paper mill is a historic move as it is the last remaining plant in Finland producing ...
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