UPM Invests in Release Base Paper at Tervasaari Mill

UPM has invested approximately EUR 60 million in developing the production of release base paper at its Tervasaari mill in Finland. The demand for release base papers is estimated to grow annually by 4-8 percent. The investment will increase the capacity of the machine by 45,000 tonnes to a total of 175,000 tonnes. The rebuild will be completed in the summer of 2005.

Tervasaari supplies release base paper worldwide, although Europe is the main market.

The rebuild consists of a new press section, finishing section and some related changes in the drying section and pulp mill.