date:May 24, 2012
's present pulp sales volume. We also reduce our currency exposure.
Utility agreement
As part of the takeover, the firm has signed a long-term agreement which will see UPM deliver key production inputs such as pulp, steam and electricity.
Billerud will buy an annual volume of pulp from UPM equivalent to 85% of its yearly needs. While the price will be a market one, the bulk purchase should insulate it from fluctuations in pulp prices and reduce its exposure to the pulp market, it said.
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