UPM Launches Strategic Review of Its Plywood Business
UPM initiates a strategic review of UPM Plywood business area
On Tuesday, UPM-Kymmene Corporation announced that its Board of Directors has initiated a strategic review of UPM Plywood to assess options for maximizing long-term potential in a changing market environment.
The review will explore alternatives including a potential separation from UPM through a divestment, partial demerger, or initial public offering. The company said the aim is to determine the best path forward for UPM Plywood while enhancing value creation for shareholders.
UPM said it remains committed to the Plywood business and its customers during the review, which is expected to be concluded by the end of 2026.
President and CEO Massimo Reynaudo said:
“UPM has transformed into a material solutions company with a broad portfolio of attractive businesses. We continuously evaluate opportunities across the portfolio to ensure full value creation potential. The decision to initiate a strategic review of UPM Plywood reflects our commitment to position each UPM business for long-term success.”
Executive Vice President Tuija Suur-Hamari added:
“UPM Plywood is a strong, customer-focused business with a clear strategy and a proven ability to perform under varying market conditions. With the efficient production, robust in-house capabilities, and a well-established commercial model, we focus on delivering value to our stakeholders through the trusted WISA® brand and our long-standing customer relationships.”
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