UPM-Kymmene Oyj, trading in the United States under the ticker UPMMY, is a Finland-based company operating in the forest industry with a broad portfolio of renewable and recyclable products. Established through the 1996 merger of Kymmene Corporation and Repola Ltd, UPM has developed from a traditional paper and pulp producer into a diversified bioeconomy leader. Headquartered in Helsinki, the company employs thousands of professionals worldwide and is led by President and CEO Jussi Pesonen, who has been at the helm since 2004.
UPM’s core operations span multiple business segments, including UPM Biorefining, which produces pulp, paper, and renewable energy; UPM Raflatac, specializing in self-adhesive label materials; and UPM Specialty Papers, offering coated and uncoated paper grades for commercial printing and industrial use. The company also manufactures plywood through UPM Timber and supplies energy through UPM Energy. In recent years, UPM has expanded into advanced biofuels with its NEXBTL renewable diesel and UPM BioVerno® wood-based biodiesel, underscoring its commitment to sustainable solutions.
With production units and sales offices across Europe, North America, Asia and Latin America, UPM serves customers in over 120 countries. Its integrated value chain—from sustainably managed forests to biorefineries—allows for efficient resource use and a lower carbon footprint. UPM’s approach to innovation focuses on developing bio-based alternatives to fossil-based materials, targeting sectors such as packaging, automotive, construction and consumer goods.
Governance at UPM emphasizes sustainability, safety and transparency, with a board of directors representing diverse industry and regional expertise. The company publishes annual reports detailing its environmental, social and governance (ESG) performance, reflecting ongoing efforts to align business growth with the circular economy. UPM’s century-long history, global reach and investments in research and development position it as a key player in the transition to renewable, bio-based industries.
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