UPM will cease deliveries to Russia

UPM will cease its deliveries to Russia for the time being. UPM businesses will keep the Russian customers and suppliers informed of the situation.

In Russia, UPM employs 800 persons most of whom work at the Chudovo plywood mill. According to WhatWood, the plant’s capacity is 155,000 m³ of plywood per year. The operations are currently running as usual.

UPM’s sales to Russia and Ukraine combined was approximately 2% of UPM’s total sales in 2021. Assets in Russia are less than 1% of the group total. In 2021, less than 10% of UPM’s wood sourcing to Finland originated from Russia.