- UPM and Sappi plan a graphic paper joint venture, expected to close by end of 2026, pending regulatory approvals.
- UPM's renewable fibres, advanced materials, and decarbonization solutions focus on growth markets.
- UPM Biorefining to launch a biorefinery in Leuna, Germany, with customer deliveries starting Q4 2025.
- UPM Plywood is under strategic review, expected to conclude by end of 2026.
Joint Venture with Sappi
UPM plans to form a joint venture with Sappi for its graphic paper business, aiming to close the deal by the end of 2026, subject to regulatory approvals. This move is intended to enhance UPM's growth profile and improve margins by reducing exposure to declining markets in Europe and North America.
Focus on Renewable Materials
UPM is concentrating on renewable fibres, advanced materials, and decarbonization solutions, targeting growth markets. The company has demonstrated a strong growth track record, with an annual sales growth of approximately 4.4% over the past decade.
Biorefinery Launch
UPM Biorefining is set to launch a new biorefinery in Leuna, Germany, with the first customer deliveries expected in Q4 2025. This facility will focus on producing renewable, bio-based chemicals and advanced renewable fuels, contributing to decarbonization efforts.
Strategic Review of Plywood Business
UPM Plywood is undergoing a strategic review to explore options for maximizing its long-term potential and value creation. The review is anticipated to conclude by the end of 2026, during which UPM will continue to operate and develop the plywood business.
