UPM Signs 10-Year Deal with Baltimore Port

UPM has signed a contract with the Maryland Port Administration, which guarantees that they will ship at least 320,000 tons of forest products into the port of Baltimore over the next 10 years. The agreement will result in 120 jobs and $2.7 million in tax revenue, according to the state. The contract signing took place in a $32 million portside warehouse that Maryland built for UPM.