UPM restructures business

UPM announced during Labelexpo Americas its plan to adopt a new business structure consisting of three groups where the company was previously divided into five. The new divisions are Energy and Pulp, Paper, and Engineered Materials, and the new structure will be implemented on December 1. UPM Raflatac, the manufacturer of self-adhesive labelstock and RFID tags and inlays, will be part of Engineered Materials.

‘Changes in the business environment have continued and intensified. UPM responds to these challenges with a new business structure which improves our capability to leverage the company's competitive advantages. Our target is to create a structure and leadership model which sets the basis for strong, market driven operations in all of the three business groups,’ said Jussi Pesonen, president and CEO of UPM.

Engineered Materials Business Group consists of self-adhesive labelstock, plywood, wood plastic composite and RFID business areas. Jussi Vanhanen, pictured, has been appointed president of the Engineered Materials Business Group. Vanhanen, 36, holds a LL.M. and MBA and is currently senior vice president, Europe, in UPM's Label Division.