Demand for sustainable eucalyptus pulp continues to grow and UPM is looking for opportunites to grow in pulp business. This is why UPM and the Government of Uruguay have agreed on the fundamentals for a potential new pulp mill investment in central Uruguay.
The Investment Agreement, signed 7 November 2017, defines the requirements for the operating environment of a world-class pulp mill project. It details the roles, commitments and time-line for both parties as well as the relevant items to be agreed prior to UPM's final investment decision.
If all goes to plan, Uruguay could be a competitive alternative for UPM to address the global pulp market opportunities in the 2020s.