EU Commission VP Maros Šefcovic visits UPM Kaukas: focus on renewable energy and climate change mitigation

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| Source: UPM Kymmene Corporation
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(UPM, Helsinki, 13 October 2017 at 10:00 EET) - UPM was honoured to welcome European Commission Vice President Maroš Šefcovic, responsible for the Energy Union, to the UPM Kaukas Mill site in Lappeenranta Finland today. The visit was hosted by UPM's President and CEO, Jussi Pesonen.

During the visit UPM presented its UPM Biofore strategy designed to create sustainable solutions and new innovations from renewable raw materials that provide options to reduce emissions and mitigate climate change.

Pesonen called for EU regulation that ensures the right framework for companies to invest and provide innovative solutions to reduce emissions.

"The European Union has set a target to be the world leader in renewable energy in the 2020s. UPM is definitely able to support this ambitious goal. Therefore it is of the utmost importance that EU institutions provide long-term regulatory certainty, clear rules on biomass sustainability, and a framework for the increased use of sustainable advanced biofuels in transport," says Pesonen.

The EU Commission Vice President toured the UPM Kaukas Mill complex - a unique and versatile bioindustry site producing pulp, paper, timber and biofuels out of renewable wood-based raw materials. The site also encompasses a UPM Research Centre and a UPM Wood Sourcing and Forestry unit.

For further information please contact:
Marko Janhunen, Vice President, Stakeholder Relations, Biorefining, tel. +358 204 15 0572 

UPM, Media Relations
Mon-Fri 9.00-16.00 EET
tel. +358 40 588 3284
media@upm.com

UPM
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com

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