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Eastern European Markets
NEWS RELEASE
December 7, 2006

UPM stars its third plywood production line in Russia

(UPM, Lahti, December 7, 2006) - UPM celebrates today the inauguration of its new birch plywood production line at Chudovo in Russia.

The third rotary cutting line and the dryer installed at Chudovo Plywood Mill increase the mill's annual birch plywood production capacity by 20,000 cubic metres. After this investment, totalling some 5 million euros, the Chudovo mill's production capacity amounts to 100,000 cubic metres of birch plywood annually. The new line strengthens UPM's capabilities to deliver customised products to the transport vehicle and parquet industries in particular. Installation work began in June. The new production line employs about 30 people.

UPM produces in Russia plywood, veneer and sawn products. The Group has in total about 1,400 employees in Russia, of which the mills in Chudovo and Pestovo employ about 800 people.

About UPM
UPM is one of the world’s leading forest products groups. The Group's sales in 2005 were EUR 9.3 billion, and it has about 30,000 employees. UPM's main products include printing papers, converting materials and wood products. The company offers high-quality WISA wood products solutions for building and industrial applications. The sales of UPM Wood Products Division in 2005 were EUR 1.3 billion, and it employs 5,500 people. UPM's shares are listed on the Helsinki and New York stock exchanges. Further information is available on the company's web site at www.upm-kymmene.com

Further information:
Tuomo Visanko, Senior Vice President, Operations
UPM Wood Products Division tel. + 358 400 352 990

www.upm-kymmene.com


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