UPM seeks efficiency improvement in UPM Raflatac and in global functions

As a result of the weakening world economic outlook as well as the COVID-19 related restrictive measures and their consequences, the uncertainty in UPM’s market environment continues. To ensure future competitiveness, UPM keeps taking action to decrease fixed and variable costs in its businesses and functions.

UPM’s label materials business UPM Raflatac plans to simplify its organisation and increase efficiency in operations and distribution. If implemented, the plans would reduce approximately 100 positions in UPM Raflatac’s global organisation, mainly in Europe.

In addition, UPM aims to increase efficiency of its global functions by reorganising and streamlining the functions’ operations in five countries. If implemented, the plans would decrease the number of positions in the functions by up to 70, mostly in Finland and in Germany.

Employee consultations on efficiency improvements will be started according to national practices. Final decisions will be made after the employee consultation procedures have been concluded in each country. If implemented, the plans announced today are expected to result in annual savings of approximately 12 million euros.

UPM focuses on continuous improvement in cost efficiency. Recently, UPM announced plans for permanent closing of UPM Kaipola paper mill in Finland, sale of UPM Shotton paper mill in Wales and streamlining UPM Communication Papers’ business function teams. In addition, UPM announced plans for reorganising and streamlining activities in Finnish pulp mills, UPM Forest and UPM Tervasaari mill in Finland. Earlier this year, UPM completed the closures of UPM Chapelle paper mill in France and UPM Plywood Jyväskylä mill in Finland. The company will continue to implement measures to decrease fixed and variable costs in all businesses and functions, as needed.
https://www.upm.com/about-us/for-media/releases/2020/10/upm-seeks-efficiency-improvement-in-upm-raflatac-and-in-global-functions/

Related Posts

Cascades Reports Solid Results for the Third Quarter of 2023

Q3 2023 Highlights *Sales of $1,198 million (compared with $1,168 million in Q2 2023 and $1,174 million in Q3 2022); *Operating income of $80 million (compared with $64 million in Q2 2023 and $25 million in Q3 2022); *Net earnings per common share of $0.34 (compared with net earnings per common share of $0.22 in Q2 2023 and a net loss per common share of ($0.02) in Q3 2022); *Net debt1 of $2,088 million as of September 30, 2023 (compared with $2,076 million as of June 30, 2023).

Solenis to Increase Prices on Polyacrylamide Polymers and Retention Aids in EMEA

Solenis will increase prices by up to 8 percent on all polyacrylamide polymers and retention aids across the EMEA region, effective March 1, 2021, or as customer contracts allow. The price increase is necessary due to the major impact on key feedstock costs. Several Force Majeure situations at major acrylonitrile producers in EMEA and North America over the last few months have caused a shortage in product availability, significant cost increases and production and supply chain issues. Acrylonitrile is the key raw material for making acrylamide monomer and polyacrylamide polymers used in papermaking, municipal water treatment, mining and oil and gas applications. “Solenis is making every effort to overcome this shortage and secure a cost-competitive supply of polyacrylamides to our customers. We thank our customers for their continued business and partnership,” said Dr. Norbert Steiner, director, Global Product Management, Industrial Polymers.

Solenis Acquires 100% of the Shares of SCL GmbH

Solenis, a leading global producer of specialty chemicals, closed on the acquisition of 100% of the outstanding shares of SCL GmbH (“SCL”) on January 18, 2022. Located in Ludwigshafen, Germany, SCL produces DMA3, a primary raw material for cationic polyacrylamide production. The acquisition of the SCL business helps Solenis fulfill a strategic insourcing objective and supports Solenis’ polyacrylamide strategic global growth plan. “The acquisition of this business provides Solenis with the backward integration that supports our polyacrylamide growth plan and better enables us to provide strategic products to our customers around the world,” said John Panichella, CEO, Solenis. “This is our first bolt-on acquisition following our recent ownership change to Platinum Equity. The support by the Platinum team for our strategic growth plan has been excellent, and I am confident that our partnership will yield more of these projects in the future.”
Back To Top
×Close search
Search