| Business Summary | | UPM
-
Kymmene
Group
is
engaged
in
the
forest
industry.
The
Group's
operations
are
divided
into
three
business
areas:
UPM-Kymmene
Printing
Papers,
UPM
Converting
and
UPM-Kymmene
Wood
Products.
Printing
papers
comprise
magazine
papers,
newsprint
and
fine
papers.
UPM
Converting
produces
converting
materials,
and
UPM-Kymmene
Wood
Products
is
a
producer
of
sawn
timber
and
plywood.
Other
operations
consist
of
chemical
pulp,
forest
and
energy
(Resources)
and
logistics
and
real
estate
units. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | UPM
is
a
Finnish
paper
and
forest
product
concern
operating
in
six
divisions:
magazine
papers,
newsprint,
fine
papers,
converting
materials,
sawmilling
and
plywood.
For
the
six
months
ended
6/30/01,
revenues
rose
10%
to
EUR5.02
billion.
Net
income
before
US
GAAP
fell
44%
to
EUR473M.
Revenues
reflect
growth
in
delivery
volumes
and
higher
average
paper
selling
prices.
Earnings
were
offset
by
the
absence
of
$230
million
in
capital
gains
from
the
sale
of
shares
and
operations. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Tauno Matomaki, 63 | Chairman | Juha Niemela, 54 | Pres,
CEO, Director | Jouko Leskinen, 57 | Vice
Chairman | Gustaf Serlachius, 65 | Vice
Chairman | Jan-Henrik Kulp, 57 | CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|