UPM-Kymmene's huge Tervasaari mill at Valkeakoski, two hours' drive north of Helsinki.

ECONOMIST: Why paper making is becoming less volatile

UPM-Kymmene announced the euro3.6 billion purchase of Haindl, Germany's biggest publishing-paper producer and a company considered one of the most efficient in the world.

ECONOMIST: Why paper making is becoming less volatile

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