UPM consults on closing one of Shotton Paper’s newsprint machines, as company seeks profit improvement and reduction of capacity by 800,000 tonnes in 2015
UPM introduces a new profit improvement target of EUR 150 million – UPM Paper ENAplans to reduce 800,000 tonnes of publication paper capacity in 2015, including the closure of PM1 at Shotton Paper. UPM is introducing a new profit improvement target with an annualised impact of EUR 150 million by the end of 2015. The target includes [...]