UPM-Kymmene: Uruguay pulp mill would improve diversification; Baa2 with stable outlook unaffected
CORPORATES ISSUER COMMENT 10 November 2017 Analyst Contacts Martin Fujerik +49.69.7073.0909 VP-Senior Analyst [email protected] Florian Zimmermann +49.69.7073.0971 Associate Analyst [email protected] Matthias Hellstern +49.69.7073.0745 MD-Corporate Finance [email protected] UPM-Kymmene Uruguay pulp mill would improve diversification; Baa2 with stable outlook unaffecUPM-Kymmene is a global paper and forest products group, mainly engaged in the production of paper, with an emphasis on the manufacture and sale of printing and writing papers. Co.'s operations comprise of these segments: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper ENA, UPM Plywood and Other. UPM Biocomposites, UPM Biochemicals business units and Group services are reported in Other operations. Co.'s activities are centred in European Union countries, North and South America and Asia with production plants in 13 countries.
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