UPM-Kymmene CorporationStock Exchange Release (Inside Information)September 23,
2025 at 12:10 EEST
Inside information: UPM initiates a strategic review of UPM Plywood business
area
UPM-Kymmene Corporation's Board of Directors has decided to initiate a strategic
review of UPM Plywood business area to assess options for maximizing the long
-term potential of the Plywood business in an evolving market environment. The
strategic review includes a range of possibilities, including a potential
separation from UPM through for example a divestment, partial demerger or
initial public offering. The aim is to determine the best path forward for the
Plywood business, while also benefiting the value creation for UPM's
shareholders.
“UPM has transformed into a material solutions company with a broad portfolio of
attractive businesses. We continuously evaluate opportunities across the
portfolio to ensure full value creation potential. The decision to initiate a
strategic review of UPM Plywood reflects our commitment to position each UPM
business for long-term success,” says Massimo Reynaudo, President and CEO of
UPM.
“UPM Plywood is a strong, customer-focused business with a clear strategy and a
proven ability to perform under varying market conditions. With the efficient
production, robust in-house capabilities, and a well-established commercial
model, we focus on delivering value to our stakeholders through the trusted
WISA® brand and our long-standing customer relationships,” says Tuija Suur
-Hamari, Executive Vice President, UPM Plywood.
During the strategic review process, UPM remains fully committed to the Plywood
business and its customers.
The review is expected to be concluded by the end of 2026.
UPM, Media relations
Mon-Fri 9:00-16:00 EEST
tel. +358 40 588 3284
media@upm.com
UPM
UPM is a material solutions company, renewing products and entire value chains
with an extensive portfolio of renewable fibres, advanced materials,
decarbonization solutions, and communication papers. Our performance in
sustainability has been recognized by third parties, including EcoVadis and the
Dow Jones Sustainability Indices. We operate globally and employ approximately
15,800 people worldwide, with annual sales of approximately €10.3 billion. Our
shares are listed on Nasdaq Helsinki Ltd.
UPM - we renew the everyday
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UPM Plywood
UPM Plywood offers high quality WISA® plywood and veneer products for
construction, vehicle flooring, LNG shipbuilding, parquet manufacturing and
other industrial applications. In 2024, UPM Plywood sales were EUR 430 million
and it employs about 1600 people. UPM has four plywood mills and one veneer mill
in Finland as well as a plywood mill in Estonia. www.wisaplywood.com