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UPM Gives EUR 100,000 Each to Five Finnish Universities

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UPM, Helsinki, Finland, is donating a total of EUR 500,000 to five Finnish universities for research and education.

The company will donate EUR 100,000 to each of the five universities: University of Oulu, University of Lappeenranta, University of Helsinki, Åbo Akademi, and Hanken School of Economics. The schools represent expertise in different fields and are located in different parts of the country.

The Finnish Forest Industries Federation—which includes UPM in its members—announced earlier this year that it would donate EUR 4 million to the Finnish Aalto University's starting endowment.

"Top-level scientific research creates a foundation for innovations and international success which are prerequisites for the renewal of the forest industry as well as its future success. We want to support these universities in their work to develop and teach top level knowledge and skills," says UPM President and CEO Jussi Pesonen.