UPM to invest $2.7bn in Uruguay pulp mill

UPM

The mill investment of $2.7bn will boost UPM’s pulp capacity by more than 50 percent. The mill is scheduled to become operational in the second half of 2022.

The eucalyptus supply for the mill will be secured through UPM’s own and leased plantations, comprising 382,000 ha, and wood sourcing agreements with private partners. They will supply UPM’s existing pulp plant in Fray Bentos and the new plant.

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