The agreement covers the main machinery and finishing equipment for the new machine. With the investment, UPM is strengthening its leading global position in labelling materials.
“The technological know-how and competitive overall solution were decisive points for us to select Voith Paper as supplier. We are happy to start this project with them,” says Timo Heinonen, Project Director from UPM.
The new machine can produce 360,000 tonnes of labelling materials and uncoated woodfree speciality papers annually, and it will start up at the end of 2015. All grades enjoy a healthy demand outlook in Asia.
Through the renewing of the bio and forest industries, UPM (upm.com) is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. The products are made of renewable raw materials and are recyclable. UPM serves its customers worldwide. The group employs around 21,000 people and its annual sales are approximately € 10 billion. UPM shares are listed on NASDAQ OMX Helsinki.
UPM Paper Asia
UPM Paper Asia (upmpaper.com) produces fine papers to Asian markets and label and packaging materials to global markets. Its main customers are retailers, printers, publishers, distributors and paper converters. UPM Paper Asia is a leader in sustainable development. Its high performance papers are produced in China and Finland. With headquarters in Shanghai, UPM Paper Asia employs approximately 1,700 people in China, Finland, Japan, Korea, Singapore and Australia.
Voith Paper is a division of the Voith Group and the leading partner to and pioneer in the paper industry. Through constant innovations, Voith Paper is optimizing the paper manufacturing process, focusing on developing resource-saving products to reduce the use of energy, water, and fibers. Furthermore, Voith Paper offers a broad service portfolio for all sections of the paper manufacturing process.
Voith (voith.com) sets standards in the markets energy, oil & gas, paper, raw materials and transport & automotive. Founded in 1867, Voith employs more than 43,000 people, generates € 5.7 billion in sales, operates in about 50 countries around the world and is today one of the biggest family-owned companies in Europe.