UPM's Walki Wisa Celebrates the Completion of the new Converting Plant at Changshu in China

Helsinki, Finland, 16 May 2006 - Walki Wisa, a member of UPM, has today celebrated the completion of the new converting plant at Changshu in China. After the investment, Walki Wisa is one of the biggest producers of industrial wrappers for paper industry in China.

The new plant will serve the fast growing paper industry in China and the Asia Pacific region. The plant is logistically well located by the Yangtze River, about 100 kilometers from Shanghai.

The construction of Walki Wisa plant was completed in less than a year, on a very tight schedule.

UPM is one of the world's leading producers of printing papers and the clear market leader in magazine papers. The Group's turnover in 2005 was EUR 9.3 billion, and it has 30,000 employees. UPM's main products include printing papers, converting materials, and wood products.

Walki Wisa is one of the world's biggest manufacturers of barrier-coated and laminated industrial wrapping materials for the paper, steel, and wood products industries, and composite barrier material for the packaging industry and technical purposes. Walki Wisa's turnover in 2005 was EUR 300 million and it has 1000 employees. The production plants are located in Finland, Germany, the UK, China, and Sweden.