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The special charges resulting from the closure will reduce UPM's associated company results by approximately EUR27m in the first quarter of 2009.
After the closure of the Kaskinen mill, UPM's calculated annual pulp production capacity will be 3.6 million tonnes. UPM's holds a 47% share in Botnia, the company added.
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 1.12 euros (EUR).
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