Sylvamo Enters Into Cooperation Agreement, Appoints Two New Independent Directors

In accordance with the terms of his service contract, UPM’s President and CEO Jussi Pesonen has announced that he will exercise his right to retire from UPM during 2024. "In 2024 I will have served UPM as President and CEO for 20 years and spent a total of 37 years with the company. The announced timetable aims to secure the success of the strategic growth initiatives as well as business performance over the coming few years. However, it is also time to start planning for the next stage,” says Jussi Pesonen. The schedule also allows UPM’s Board of Directors sufficient time for implementing the succession planning process.

International technology group ANDRITZ and Paracel S.A., Paraguay, have signed a contract under which ANDRITZ is to supply all process equipment and energy-efficient and environmentally friendly pulp production equipment for Paracel’s 1.8 million ton/year pulp mill to be built in Concepción, Paraguay. ANDRITZ will supply all equipment on an EPC basis. The order value for ANDRITZ will be more than 1.5 billon US dollars. The contract is expected to be booked during 2023.

International technology Group ANDRITZ has been awarded orders from Nine Dragons Paper, China, to supply equipment and key process technologies for five of their mills. The scope of supply on EPS basis includes the following equipment: *A white liquor plant with a capacity of 10,500 m3/d, including a recausticizing plant and an ANDRITZ LimeKiln. The recausticizing plant delivery includes a green liquor cooler, a LimeSlake slaker-classifier, three causticizer tank agitators, a drum filter for dregs handling, a LimeWhite filter for white liquor filtration to achieve high white liquor quality, and a LimeDry filter for efficient lime mud filtration to ensure high lime mud dryness and consequently a low heat consumption in the kiln. The ANDRITZ LimeKiln, with a capacity of 950 t/d burnt lime, will be equipped with a high-efficiency LimeCool sector cooler. *A recausticizing plant with a capacity of 5,800 m3/d. *Two ash re-crystallization (ARC) systems with ash handling capacities of 400 t/d and 200 t/d respectively, to treat the ash from the electrostatic precipitator by decreasing the chloride and potassium content while recovering sodium and sulphate. *A recausticizing plant with a capacity of 5,800 m3/d. *An ash re-crystallization (ARC) system with an ash handling capacity of 200 t/d to treat the ash from the electrostatic precipitator by decreasing the chloride and potassium content while recovering sodium and sulphate. *Three recausticizing plants with a capacity of 2,500 m3/d each.