UPM

UPM and Sappi agreed a EUR 1.42 billion joint venture in which Sappi contributes European mills, including Ehingen and Gratkorn, linked to the Fusion Topliner premium liner for corrugated board.

Sappi and UPM signed a non-binding letter of intent to form a 50/50 joint venture combining their European, UK and US graphic paper businesses. The combined enterprise value is about EUR 1.42 billion, and definitive agreements are expected in the first half of 2026.

ANDRITZ was selected by UPM to supply the main process equipment for a new 2.1 million tonne per year eucalyptus pulp mill near Paso de los Toros, Uruguay. Start-up is scheduled for the second half of 2022.

Dow and UPM Biofuels announced the commercialization of a packaging plastics offering made from UPM BioVerno renewable naphtha, which Dow will use to produce bio-based polyethylene at its Terneuzen plant in the Netherlands.