UPM concluded the sale of its hydro power facilities in Steyrermühl to Energie AG

The new Polar Grip Air film will initially be made available to purchase in the North American market from August 2023. Drytac, the leading international manufacturer of self-adhesive materials for the large-format print and signage markets, is delighted to announce the launch of its latest product – Polar Grip Air. The latest addition to the incredibly popular Drytac Polar Grip range, Polar Grip Air is a 3.2 mil white polymeric PVC film featuring a high-tack grey adhesive with a bubble-free technology release liner.

Heinzel Holding GmbH and Paracel S.A. jointly announce that Heinzel has entered into an investment agreement to become the strategic equity investor in Paracel, an afforestation and pulp mill project in Paraguay, South America. Paracel has now received equity commitments from a group of Paraguayan and European business families, with Heinzel's investment completing the needed strategic equity for the project. Heinzel will hold 25% of Paracel's shares at project completion. Paracel is planning to produce 1.8 million metric tons of eucalyptus pulp per year in Concepción in northern Paraguay, with forestry assets of more than 180,000 hectares of land owned by the company. Since the start of the project in late 2018, the pioneering project has passed important milestones: Paracel has already planted more than16,000 hectares of forestry, completed the design of the pulp mill, received the construction permit and completed the required environmental and social impact assessments. It has started significant groundworks on the mill site and kicked off social programs and conservation projects for native forests. As one of the world's major afforestation projects it has also completed documentation for the carbon sequestration effect of planting more than one hundred million trees.

EcoVadis has recognised UPM with a platinum score based on the company’s sustainability performance in the following four categories: Environment, Labour and human rights, Ethics and Sustainable procurement. Only one per cent of the 100,000 global companies assessed received platinum. UPM’s score 87/100 was one of the highest in the Manufacture of Pulp, Paper and Paperboard industry. “Compared to last year, our carbon score improved most,” says Sami Lundgren, Vice President, Responsibility, UPM. “We are extremely proud that our climate change related management and strong decarbonisation ambition with approved Science Based Targets were recognised with the highest possible Leader status. UPM’s top rating recognises the work we have done to promote sustainability in the whole value chain and embraces our work towards the future beyond fossils.”