UPM To Invest In New UWF PM In China

UPM to invest Euro 390 million in new 360,000 tonne/yr UWF specialty PM at Changshu mill in China; strengthens position in label materials: UPM takes further steps to reshape its business portfolio and expands in profitable growth businesses in Asia. The company will increase its presence in the attractive Asian paper segments and strengthen its position in the label materials value chain by building a new woodfree speciality paper machine at its Changshu mill in China.
http://www.upm.com/EN/MEDIA/All-news/Pages/UPM-grows-in-China-and-in-the-fast-developing-label-materials-segment-001-Tue-07-Aug-2012-12-00.aspx