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UPM pulls out

UPM has announced its withdrawal from the planned joint venture company in Zhanjiang, Guandong Province, in China.

UPM has announced its withdrawal from the planned joint venture company in Zhanjiang, Guandong Province, in China. The joint venture company was intended to investigate and make preparations for wood supplies for a possible future pulp mill. However, after the completion of studies of the local conditions and the availability and cost of wood for a modern large-scale pulp mill, the decision to withdraw, was made.