UPM to establish jointly-owned forests15 August 2011
UPM is to establish four jointly-owned forests in Finland to promote active forest ownership and improve supply stability.
The forests will be situated next to the company’s mills in western, eastern and central Finland, as well as Ostrobothnia.
UPM will use 2,000ha of company forests as an original asset and forest owners can incorporate their forest into the jointly-owned land in return for shares equivalent to the value of their estate.
“Jointly-owned forest is an option for many forest owners, for example when there’s a wish to incorporate a small forest estate into a bigger entity. It’s also a good option for managing an inherited property or in change of generation situations to prevent splitting up of the estate,” said Heikki Kalvila, UPM’s manager, legal services.
Professional foresters will be responsible for the forests’ administration and management.