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UPM history
UPM company history timeline
In 1979 the company reorganized its foreign interests in the forestry industry by selling its 50 percent holding in Eurocan Pulp & Paper and buying all the shares in the Wolvercote Paper Mill at Oxford in England.
1982: Kymmene merges with Strömberg to become Kymmene-Strömberg Corporation.
Shareholders of the two companies approved the merger on January 7, 1986.
In 1986 the company decided to concentrate exclusively on the forest industry.
Schauman Ab became increasingly close in the course of 1986.
Schauman, the company that merged with Kymmene in 1989, was likewise founded in the 19th century.
In 1996, Raflatac became part of UPM – one of the world’s leading forest industry companies.
A strategic committee of three forest-industry veterans--Tauno Matomaki, Yrjo Niskanen, and Casimir Ehnrooth--was formed to act as a spending watchdog for the new president, but shareholders took much of its power away at their annual meeting in April 1997.
2000: UPM-Kymmene purchases the Changshu fine-paper mill in China and Repap in Canada.
The Paper division comprised the largest division in the company, and the magazine paper subdivision comprised the company's largest, operating 25 paper machines in seven countries with a turnover in 2001 of EUR 3.5 million.
Also in 2001 the company joined forces with competitor Stora Enso and the Tapere University of Technology to research the development of biodegradable barrier-coated and laminated paper/board products and investigate strategies for promoting and expanding recycling efforts.
In 2002 the company planned to donate 560 hectares of their forestland to Finland for the development of Repovesi National Park.
NewPage history, profile and corporate video In 2005, Cerberus Capital Management, a private equity firm, bought MeadWestvaco's paper division and renamed it NewPage.
(UPM, Helsinki, 1 September 2015) – UPM’s journey at the stock market started one hundred years ago.
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UPM competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Orlandi | - | $6.1M | 75 | - |
| Verso | 2006 | $1.3B | 4,200 | 1 |
| Sony New Media Solutions | 2009 | $17.0M | 350 | - |
| Disc Makers | 1946 | $15.0M | 155 | 7 |
| Production company | - | $670,000 | 50 | 13 |
| Koki Fox23 | - | $580,000 | 50 | - |
| Deluxe Entertainment Services Group Inc. | 1915 | $500.0M | 3,500 | 14 |
| Fraser Papers | - | $87,000 | 3,750 | - |
| Resco | - | $9.8M | 55 | - |
| Flint Group | 1946 | $2.4B | 725 | 15 |
UPM history FAQs
Zippia gives an in-depth look into the details of UPM, including salaries, political affiliations, employee data, and more, in order to inform job seekers about UPM. The employee data is based on information from people who have self-reported their past or current employments at UPM. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by UPM. The data presented on this page does not represent the view of UPM and its employees or that of Zippia.
UPM may also be known as or be related to UPM, UPM Kymmene, UPM-Kymmene and UPM-Kymmene Inc.