UPM considers divesting UPM Plywood under strategic review

UPM-Kymmene Corporation said on it has initiated a strategic review of its plywood business to assess options for maximizing long-term value. The review, approved by UPM’s board of directors, will consider a range of possibilities, including a divestment, partial demerger or initial public offering (IPO). The company said the aim is to determine the best path forward for UPM Plywood while enhancing shareholder value. “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,” said President and ...