According to UPM, it has introduced several innovative products recently including UPM ForMi, a composite material made from pulp fibres from sustainably managed forests and clean plastic polymers. It has also launched UPM BioVerno, the first wood-based biofuel. UPM aims to be a major player in the production of advanced transportation biofuels.
“Our focus on producing more with less is a clear example of UPM as a forest industry company which is now creating tangible results with bio composites, bio fuels and the use of non-fossil fuel energy,” said Hartmut Wurster, Executive Vice President Technology and responsible for new businesses and environmental issues.
UPM consists of three business groups: Energy and pulp, Paper, and Engineered materials. In 2011, UPM's sales exceeded EUR 10 billion. The company has production plants in 16 countries and employs about 24,000 people worldwide.
Sources: UPM, Ethical Corporation Awards