UPM-Kymmene Corporation continues temporary shutdown of paper mill in Germany

Thu. August 21, 2008; Posted: 10:50 AM

Aug 21, 2008 (NORDIC BUSINESS REPORT via COMTEX) -- UPM | Quote | Chart | News | PowerRating -- Finnish paper products company UPM-Kymmene Corporation (NYSE:UPM) said on Thursday (21 August) that it has decided to continue the temporary shutdown in its fine paper mill in Germany.

The temporary shutdown of PM 2 of Nordland Papier will continue until the end of the year, the company said.

In April 2008, UPM announced temporary shutdowns in its fine paper mills in Central Europe for one to three months to address the poor profitability of certain businesses.

UPM-Kymmene is a printing paper producer with production in 15 countries and a sales network covering more than 170 companies. UPM-Kymmene is listed on the OMX Nordic Exchange in Helsinki and on the NYSE.

One British pound (GBP) is worth approximately 1.26 euros (EUR).

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