UPM suspends operations at Chudovo plywood mill in Russia

The Finnish forest industry company UPM on Wednesday decided to suspend purchasing of wood in and from Russia as well as the UPM Chudovo plywood mill operations for the time being.

The company is preparing a mitigation plan accordingly, said UPM in a press release.

The suspension will be implemented with due consideration of UPM’s local employees, customers and stakeholders as well as the legislation in Russia.

UPM continues to honour its obligations towards its employees in Russia. UPM businesses will keep their customers and suppliers informed of the situation.

The company will continue to monitor the development of the sanctions and will make further decisions accordingly.

The decision was taken as per the recent analysis and positions by major forest certification bodies FSC and PEFC.

They have excluded the wood originating from Russia and Belarus from their certification systems.

UPM continues to provide humanitarian aid and material support in Ukraine in order to help those suffering from the war.