UPM Specialty Papers will invest over 10 million euros in the modernization of UPM Tervasaari mill in Valkeakoski, Finland. The investment will allow UPM Specialty Papers to boost capacity and improve production stability in its highly specialized products, such as glassines and flexible packaging papers.

"UPM Specialty Papers has over 40 years of experience producing highly demanding specialty papers," said Tomi Lonka, Senior Vice President, Global Specialty Papers, UPM Specialty Papers. "This investment underscores our commitment to serving customers in the label, tape and industrial value chains as well as packaging."

The modernization project includes a rebuild of the paper machine drying section and related steam system upgrade.

The project is expected to be completed at the end of 2026.

UPM noted that in recent years it has invested approximately 20 million euros in boosting the energy efficiency of the Tervasaari mill. In 2023, for example, a new electric boiler was installed.

UPM Specialty Papers offers a comprehensive portfolio of high-quality glassine papers and packaging papers -- glassines include a wide range of shades and basis weights. These papers are typically used in labels, double-sided tapes and other industrial end-uses.

For flexible packaging, UPM offers a wide portfolio of fiber-based, recyclable papers, including barrier, barrier base, and C1S (coated one side) packaging papers.

UPM is a material solutions company, renewing products and entire value chains with an extensive portfolio of renewable fibres, advanced materials, decarbonization solutions, and communication papers.

Source: UPM