Kymmene Corporation
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| Julkinen osakeyhtiö | |
| Traded as | Nasdaq Helsinki: UPM1V |
| Industry | Paper, pulp and timber |
| Founded | 1996 |
| Headquarters | Helsinki, Finland |
|
Key people
|
Björn Wahlroos (Chairman), Jussi Pesonen (President and CEO) |
| Products | Publication and fine paper, wood products |
| Revenue | €10.138 billion (2015) |
| €898 million (2015) | |
| Profit | €916 million (2015) |
| Total assets | €14.193 billion (2015) |
| Total equity | €7.944 billion (2015) |
|
Number of employees
|
19,578 (2015) |
| Website | www.upm.com |
UPM-Kymmene Corporation (Finnish: UPM-Kymmene Oyj; usually referred to simply as UPM) is a Finnish forest industry company. UPM-Kymmene was formed by the merger of Kymmene Corporation with Repola Oy and its subsidiary United Paper Mills Ltd in 1996. UPM consists of six business groups: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper ENA and UPM Plywood. The Group employs around 19,600 people and it has production plants in 13 countries. UPM shares are listed on the NASDAQ OMX Helsinki stock exchange. UPM is the only paper company which is listed in the Dow Jones Sustainability Indices and the only forest industry company invited to the United Nations Global Compact LEAD sustainability leadership platform.
UPM is the owner and maintainer of the Verla mill, which has been a museum since 1972 and a UNESCO World Heritage Site since 1996.
Members as of March 9, 2015
Members as of March 21, 2014
The company's oldest mill was Papeteries de Docelles located in northeastern France, which produced traditional handpaper at the end of 15th century. The mill got its first paper making machine in 1830's. UPM Docelles was disbanded in 2014.
The company has a long tradition of forest industries in Finland. There the company's first paper mills and sawmills were put into operation in the beginning of the 1870s. Pulp manufacturing began in the 1880s and paper converting in 1920's. The company started manufacturing plywood in the 1930s. Several Finnish forest industry companies have merged with the forerunner companies of UPM, such as: Walkiakoski, Jämsänkoski, Kaukas, Halla, Kajaani, Toppila, Kymmene, Kuusankoski, Kymi, Voikkaa, Lohjan Paperi Oy, Wilh. Schauman, W. Rosenlew, Raf. Haarla and Myllykoski.
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Wikipedia