UPM Specialty Papers will invest over 10 million euros in the modernization of UPM Tervasaari mill in Valkeakoski, Finland. The investment will allow UPM Specialty Papers to boost capacity and improve production stability in its highly specialized products, such as glassines and flexible packaging papers. …“This investment underscores our commitment to serving customers in the label, tape and industrial value chains as well as packaging,” highlights Tomi Lonka, Senior Vice President, Global Specialty Papers, UPM Specialty Papers. The modernization project includes the paper machine drying section rebuild and related steam system upgrade. The project is expected to be completed at the end of 2026. In recent years UPM has also invested approximately 20 million euros in boosting the energy efficiency of UPM Tervasaari mill. For example, in 2023, a new electric boiler was installed.