UPM: Print Paper
volumes plunge

Labels & Energy decline
w Fibres only bright spot

UPM Kymmene the world’s #3 papermaker, reported plunging printer paper demand with prices disinflating. Complacent ceo Jussi Pesonen 
seems oblivious to the secular paper demand decline quoting destocking by distributors as causes? The only bright spot was the big increase in demand for pulp and timber in its Fibres division.