UPM Launches Strategic Review of Plywood Business Area to Explore Growth and Value Creation Options

UPM-Kymmene Corporation has announced a strategic review of its UPM Plywood business area to explore avenues for maximizing long-term value in a changing market landscape. The review may consider options such as divestment, partial demerger, or an initial public offering, aiming to identify the best path forward for the plywood unit. UPM’s President and CEO, Massimo Reynaudo, highlighted the company’s ongoing portfolio optimization to unlock full value potential, emphasizing the plywood business’s established strength and customer focus. Executive Vice President Tuija Suur-Hamari cited UPM Plywood’s efficient production, strong commercial model, and value-driven WISA® brand as key assets. The review will continue with full operational commitment and is expected to conclude by the end of 2026. In 2024, UPM Plywood generated EUR 430 million in sales and employs approximately 1,600 staff

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