UPM and Sappi Graphic Paper Joint Venture: What It Means for the European Paper Industry

UPM and Sappi have signed a non-binding letter of intent to form a graphic paper joint venture, combining UPM Communication Papers with Sappi’s European graphic paper business. The proposed entity would be owned 50/50 by UPM and Sappi and operate as an independent company responsible for its own operations and strategic decisions within agreed shareholder boundaries.