US EditionSappi and UPM form paper joint venture
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Forestry giant UPM announced on Thursday that it is planning a joint venture with South African company Sappi. The 50-50 joint venture would centralize the production of graphic papers of both companies.
What Is Really Happening in the Finnish Paper Industry? “the Signs Don't Promise a Very Long Future”
UPM shares rose sharply on Thursday after the company announced its intention to transfer its paper mill to a joint venture with Sappi. Forestry giant UPM's announcement on Thursday of its intention to transfer its paper industry to a joint venture with South African Sappi did not come as a big surprise to the market. Demand for paper has been in sharp decline since the beginning of the millennium, and in Finland, for example, 15 paper mills hav…
Sappi and UPM form paper joint venture
Sappi Limited and UPM-Kymmene Corporation have signed a non-binding letter of intent to form a 50/50 joint venture combining Sappi's European graphic paper business with UPM's communication papers business in Europe, the UK and the US. The transaction, subject to regulatory approval and shareholder consent, is expected to close by the end of 2026. The parties intend to sign definitive agreements during the first half of 2026. 'The proposed joint…
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