UPM obtains Russian operations.UPM UPM Universidad Politécnica de Madrid UPM Universiti Putra Malaysia UPM University of the Philippines - Manila UPM Unit Production Manager (film and video production) UPM User Profile Management UPM United People's Movement OBTAINS RUSSIAN OPERATIONS. UPM, Helsinki, Finland and Aranna Oy recently signed an agreement under which UPM will acquire Aranna's wood procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. operations in Russia. The deal also includes the logistics company ZAO ZAO Zakrytoe Aktsionernoe Obschestvo (Russian: Closed Joint Stock Corporation) ZAO Zenith Angle Offset ZAO Aluminium Doped Zinc Oxide (material for producton of organic light-emitting diodes) ARS in St. Petersburg, Russia. The deal is subject to official approval in Russia. In other news: UPM announced its negotiations with employees, which started at the end of August in the company's Wood Products Division, have reached completion. Despite efforts, financially viable options were not found to the proposed closure of units and production cuts at Alholma and Kajaani sawmills; the Kuopio plywood plywood, manufactured board composed of an odd number of thin sheets of wood glued together under pressure with grains of the successive layers at right angles. Laminated wood differs from plywood in that the grains of its sheets are parallel. mill will not be closed down before early autumn 2005; and the number of job reductions is slightly lower than anticipated. |
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