UPM and Sappi sign letter of intent to form graphic paper joint venture

UPM and Sappi signed a non-binding letter of intent on December 4, 2025, to form a 50/50 joint venture combining UPM Communication Papers and Sappi's European graphic paper business, aiming to rationalize supply in the declining European market.

“The proposed Joint Venture represents a decisive response to the structural changes in the European graphic paper industry.”news.cision.com

• 1 source
• news.cision.comInside information: UPM and Sappi have signed a non-binding letter of intent to form a graphic paper Joint Venture - UPM-Kymmene OyjDec 4, 2025

Summarized from public sources; check the original articles before acting on it.