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UPM Sells Real Estate

Helsinki, Finland 10 April 2013 -- UPM sells the real estate and machinery at Aureskoski further processing mill in Parkano, Finland, to Tammiwood Ltd. The parties have  agreed not to disclose the sales price. UPM operations at Aureskoski mill ceased in December 2012. UPM produced interior wood panels at the mill.

Tammiwood’s major shareholder is Tammiston Puu Ltd., a Finnish company specialised in manufacturing garden products. Four employees working at Aureskoski mill will transfer to Tammiwood as permanent employees.

“The sale of Aureskoski site has a positive effect on the economic life in the area. We think that the new owner has a good opportunity to further develop the site,” says Aki Temmes, Director, Business Control, UPM Timber.

“Aureskoski mill complements our production network and enables wider product range. We aim to start production at the mill by the next autumn,” estimates Markku Heinonen, Managing Director, Tammiwood Ltd.

Tammiwood Ltd. is part of Tammisto group spesialised in manufacturing wooden buildings, constructions and fittings. Tammisto group has four production units in Finland; in Eura, Kuhmoinen, Kankaanpää and now also in Parkano. http://www.tammistonpuu.com

UPM Timber manufactures top-class sawn pine and spruce timber and further processed products for the construction and joinery industries. UPM Timber annually produces around 2.1 million cubic metres of timber from wood acquired from certified forests. UPM Timber’s production units are located in Finland, Austria, France and Russia. In Finland, UPM operates four sawmills in Lappeenranta (Kaukas), Pietarsaari (Alholma), Korkeakoski and Pori (Seikku). www.upmtimber.com

UPM leads the integration of bio and forest industries into a new, sustainable and innovation-driven future. Our products are made of renewable raw materials and are recyclable. UPM consists of three Business Groups: Energy and pulp, Paper, and Engineered materials. The Group employs around 22,000 people and it has production plants in 17 countries. UPM's annual sales exceed EUR 10 billion. UPM's shares are listed on the Helsinki stock exchange. UPM – The Biofore Company – www.upm.com


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