Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
UPM Plywood to restructure its organization & scale its operations
Posted on May 8, 2023 |
UPM Plywood is planning to reconstruct its organization and increase its operations to satisfy the low production capacity and the worsening market situation.
In the last 3 years, UPM plywood reduced its production capacity, the company shut its useless Jyväskylä mill in 2020, and sold the Chudovo mill in Russia.
In total, production capacity has declined by 255,000 m³ due to weak demand for spruce plywood and veneer as a result of slowing construction activity.