UPM is planning a new headquarters in the Helsinki city center. The proposed move will lower the company’s operating costs by ~2 million Euros. The building will be owned by a real estate company, but UPM will rent for the long-term. The lease for their current headquarters expires in 2013.
Separately, it was reported that UPM CEO Jussi Pesonen has been appointed chairman of the Confederation of European Paper Industries (CEPI), effective in January.
