FINLAND — UPM has completed employee consultation processes following its late July announcement to permanently end paper production at its Kaukas mill in Lappeenranta, Finland. Coated mechanical paper production will be relocated to the Rauma mill, Finland. Paper machine 1 in Kaukas will be permanently closed during Q4 2025, resulting in a reduction of 220 positions. Following the closure, coated mechanical paper production capacity in Finland will decrease by 300,000 tonnes annually. UPM’s pulp, sawn timber, biofuels production, and R&D activities at Kaukas will continue unchanged. …The closure will affect 220 employees and reduce coated mechanical paper capacity in Finland by 300,000 tonnes per year. …An after-care team will be established to ensure safe conditions at the mill following the closure.