Canfor Pulp and UPM Enter Into Pulp Sales Cooperation
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/07/13 -- Canfor
Pulp Products Inc. (TSX:CFX) and UPM-Kymmene Corporation (NASDAQ:OMX)
have today agreed on a strategic sales and marketing cooperation.
Beginning January 1, 2014, Canfor Pulp's sales network will represent
and co-market UPM Pulp products in North America and Japan whereas
UPM's Pulp sales network will represent and co-market Canfor Pulp
products in Europe and China. In the initial phase, the cooperation
agreement will consist of six grades of market pulp and approximately
one million tonnes of pulp sales from eight mills on three
Both parties consider the agreement as a significant strategic step.
The customers will benefit from a broader product portfolio
consisting of Premium Reinforcing Northern Bleached Softwood Kraft
(PRP NBSK), Northern Bleached Softwood Kraft (NBSK), Northern
Bleached Birch Kraft (NBBK), Bleached Eucalyptus Kraft (BEK),
Unbleached Electrical Kraft Pulp (UBE), and Bleached
Chemi-Thermomechanical Pulps (BCTMP).
"We are very excited to be entering into this direct-to-market sales
cooperation with UPM Pulp. This agreement will bring two significant
and reputable market pulp producers together to offer our customers a
broader technical approach and an enhanced product offering for a
total fibre solution," said Sean Curran, Vice President, Sales and
Marketing, Canfor Pulp Products Inc.
"We are pleased to start this sales and marketing cooperation with
Canfor Pulp which is a renowned market leader in the pulp business.
The cooperation will provide our customers the most versatile range
of Northern Softwood, Birch and Eucalyptus pulps available in the
market combined with world-class technical service," says Tomas
Wiklund, Vice President, Sales and Marketing, UPM Pulp.
Certain statements in this press release constitute "forward-looking
statements" which involve known and unknown risks, uncertainties and
other factors that may cause actual results to be materially
different from any future results, performance or achievements
expressed or implied by such statements. Words such as "expects",
"anticipates", "projects", "intends", "plans", "will", "believes",
"seeks", "estimates", "should", "may", "could", and variations of
such words and similar expressions are intended to identify such
forward-looking statements. These statements are based on
management's current expectations and beliefs and actual events or
results may differ materially. There are many factors that could
cause such actual events or results expressed or implied by such
forward-looking statements to differ materially from any future
results expressed or implied by such statements. Forward-looking
statements are based on current expectations and Canfor Pulp and the
Purchaser assume no obligation to update such information to reflect
later events or developments, except as required by law.
Canfor Pulp Products Inc. is a leading global supplier of pulp and
paper products with operations in the central interior of British
Columbia employing approximately 1,200 people throughout the
organization. Canfor Pulp owns and operates three mills in Prince
George, BC with a total capacity of 1.1 million tonnes of Premium
Reinforcing Northern Bleached Softwood Kraft Pulp. Canfor Pulp is the
largest North American and one of the largest global producers of
market NBSK Pulp. Canfor Pulp also markets 210,000 tonnes of Bleached
Chemi-Thermomechanical Pulp from the Canfor Taylor BCTMP Mill.
UPM is one of the world's leading producers and suppliers of Northern
Softwood, Birch and Eucalyptus pulp. UPM's Pulp Business operates
four modern pulp mills - three in Finland and one in Uruguay - and
eucalyptus plantations in Uruguay. UPM Pulp's sales and technical
customer service cooperate closely with the Group's global R&D
network. UPM Pulp employs approx. 1,500 people and in 2012 the sales
amounted to EUR 1.62 billion. UPM's total annual pulp production
capacity is 3.3 million tonnes. Pulp Business is part of the UPM
Biorefining Business Area. Read more at www.upm.com/pulp.
Media Contact: Canfor Pulp Products Inc.
Vice President, Brand and External Relations
Investor Contact: Canfor Pulp Products Inc.
Vice President and Treasurer
Canfor Pulp Products Inc.
Vice President, Sales and Marketing
Vice President, Sales and Marketing
+35840 1639 930
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