UPM invests in China
UPM said that it's beginning construction of a third production line at its Changshu mill in China.
The Changshu project was first announced 2012 but, instead of constructing a new power plant, UPM will upgrade existing boilers providing opportunity to consider more environmentally effective fuels or solutions for the mill’s energy supply in the future.
UPM said the revised plan calls for an investment of EUR 277 million instead of the original EUR 390 million.