UPM will implement a new business structure to drive clear
change in profitability. The company will also seek to simplify and further
develop its business portfolio.
UPM's
new structure will consist of the following Business Areas and reporting
segments: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper
Europe and UPM Plywood. Forests and wood procurement will be reported in Other
operations. The new structure will be valid as of 1 November 2013.
The
new Paper Business Areas will be located at the centers of their markets. UPM
Paper Asia will be headquartered in Shanghai, China, and UPM Paper Europe in
Augsburg, Germany. The Group Head Office will remain in Helsinki, Finland.
