Issue 4269. Last Updated: 11/07/2009

UPM, Sveza to Invest $1.5Bln in Pulp Venture

Bloomberg
UPM-Kymmene, Europe's second-largest papermaker, and Sveza Group, Russia's largest plywood producer, plan to invest 1 billion euros ($1.56 billion) in a joint venture to produce pulp, lumber and wood panels in Russia.

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