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Economic Downturn Sees Wood and Paper Products Manufacturer Make Production Changes

Dec 11 2008

UPM estimates that its deliveries will decrease more than anticipated in the coming few months. The company will be prepared for changing market situation with flexible operations and capacity management in different production lines. Different businesses will aim to increase flexibility through shift arrangements and temporary lay-offs.

Due to weakening markets UPM will not achieve the expected result for the final quarter of the year 2008.

UPM will publish the Financial Review for the year 2008 on 5 February 2009

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