UPM Specialty Papers will invest more than 10 million euros in the modernization of the UPM Tervasaari mill in Valkeakoski, Finland.
The modernization project includes the paper machine drying section rebuild and related steam system upgrade. The project is expected to be completed at the end of 2026. In recent years, UPM has also invested approximately 20 million euros in boosting the energy efficiency of the UPM Tervasaari mill. In 2023, a new electric boiler was installed.
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