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Petri Hakanen appointed SVP, UPM Uruguay Development Project Anni Pakkala, Tulus Oy2017-12-01T12:00:00Z<div aria-labelledby="ctl00_PlaceHolderMain_RichHtmlField1_label" style="display&#58;inline;"><p>(UPM, Helsinki, 1 December 2017 at 08&#58;30 EET) - <strong>Petri Hakanen</strong> has been appointed Senior Vice President, UPM Uruguay Development Project, starting from 1 March 2018. Currently he works as SVP, UPM Specialty Papers ENA.</p><p class="hugin"><strong>Jaakko Sarantola</strong>, the current SVP of UPM Uruguay Development Project, will retire 1 June 2018 after serving UPM for more than 35 years.</p><p class="hugin"><strong>For further information, please contact</strong><br class="hugin">Heikki Vappula, Executive Vice President, UPM Biorefining.<br class="hugin">Contacts through UPM, Media Relations, tel. +358 40 588 3284, <a class="hugin" href="mailto&#58;media@upm.com" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">media@upm.com</font></span></a> </p><p class="hugin"><strong>UPM, Media Relations </strong><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">media@upm.com</font></span></a></p><p class="hugin"><strong>UPM</strong><br class="hugin">UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,300 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">www.upm.com</font></span></a></p><p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Twitter</font></span></a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">LinkedIn</font></span></a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Facebook</font></span></a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">YouTube</font></span></a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Instagram</font></span></a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">upmbiofore.com</font></span></a></p><p><a href="http&#58;//hugin.info/165629/R/2153187/827003.jpg" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Petri Hakanen UPM</font></span></a></p></div>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM and the Government of Uruguay sign an investment agreement to establish a competitive operating platformv7576772017-11-08T10:00:00Z<p>(UPM, Helsinki/Montevideo 8 November 2017 at 00&#58;15 EET) - UPM and the Government of Uruguay have signed an investment agreement, which outlines the local prerequisites for a potential pulp mill investment. The agreement details the roles, commitments and time-line for both parties as well as the relevant items to be agreed prior to the final investment decision. </p><p>The agreement defines the requirements for the operating environment of a world-class pulp mill project. The site of the mill would be close to the city of Paso de los Toros, in the department of Durazno in central Uruguay. </p><p>A long-term industrial operation requires stable and predictable operational environment. This will be supported by several measures in the areas of regional development, environment, forestry and land planning as well as labour and energy conditions.</p><h3>Infrastructure development as key enabler&#160; </h3><p>The Government will develop the rail and road network by tendering the construction and long-term maintenance of the network. The total investment by the Government has been reported to be approximately USD 1 billion. This investment is necessary to enable the establishment of efficient logistic infrastructure in the Uruguayan inland. The Government will also promote concession for a terminal specializing in pulp in the Montevideo port with rail access in order to secure reliable and competitive outlet to export markets.</p><p>Once the permitting requirements are fulfilled, the Government will grant the mill a free trade zone status, which is necessary to ensure competitiveness on international markets. </p><p>UPM will carry out an engineering study and permitting process for a pulp mill with an annual capacity of about 2 million tonnes of eucalyptus market pulp. The preliminary estimate for a pulp mill investment on site is approximately EUR 2 billion.</p><p>In addition, a successful project requires off-site investments in plantation land and forestry, road network and nursery capacity, harvesting and transport equipment, rolling stock for the rail, export facilities and human development. </p><p>&quot;Robust infrastructure is elemental for industrial development. The Government of Uruguay is stating their serious intent with this agreement and timeline. The agreement sets the foundation for UPM's planning of a state-of-the-art pulp mill investment,&quot; says Jaakko Sarantola, UPM's Senior Vice President, Uruguay Development.</p><h3>Global demand for sustainable pulp continues its strong growth</h3><p>&quot;A competitive world-class pulp mill must have a solid wood supply, well-working logistic infrastructure and efficient mill operations. The environmental performance of the mill would be secured with competent and engaged personnel and with best available technology. When in operation, the mill, forestry and related activities would employ 8,000 additional people in its full value chain. The operations would also have a significant positive impact on the central and north-eastern regions.&quot; </p><p>&quot;The signing of this agreement confirms that we are now entering the second preparation phase of this prospect, which is expected to take some 1.5 to 2 years. Achieving significant progress in the implementation of the infrastructure initiatives is critically important for the final investment decision,&quot; says Sarantola. </p><p>&quot;The world megatrends support a strong growth of the market pulp demand. UPM's customers value the stable quality of the Uruguayan eucalyptus pulp and hence Uruguay could be a competitive alternative for addressing UPM's pulp market opportunities in the 2020s. The possible new capacity in Uruguay would support UPM's multifibre strategy; to serve customers in growing hygiene, packaging and speciality end-use segments,&quot; concludes Sarantola. </p><p><strong>For further information please contact&#58;</strong><br><strong>Uruguay</strong>&#58; Jaakko Sarantola, Senior Vice President, UPM, Uruguay Development. <br>Contacts through Burson Marsteller (+598 0) 2 623 28 70<br><strong>International&#58;</strong> Heikki Vappula, Executive Vice President, UPM Biorefining. <br>Contacts through UPM, Media Relations, tel. +358 40 588 3284, <a href="mailto&#58;media@upm.com">media@upm.com</a></p><p><strong>Notes to the editor</strong><br>In July 2016, UPM commenced discussions with the Government of Uruguay regarding the prerequisites for long-term industrial development in Uruguay. The aim of these discussions during the first preparation phase was to come to a mutual understanding on an investment agreement that defines the local prerequisites for industrial investment as well as initiatives for infrastructure development. The investment agreement was signed 7 November 2017.</p><p>The subsequent second preparation phase consists of an engineering study, tendering and permitting process as well as achieving significant progress in the implementation of the agreed infrastructure initiatives. Any relevant items are to be agreed prior to the possible final investment decision. This second phase is expected to last 1.5 to 2 years.</p><p>If these two preparation phases are concluded successfully, UPM will initiate the company's regular process of analysing and preparing an investment decision.</p><p>UPM, Media Relations <br>Mon-Fri 9.00-16.00 EET<br>tel. +358 40 588 3284 <br><a href="mailto&#58;media@upm.com">media@upm.com</a></p><p><strong>UPM in Uruguay</strong><br>UPM's operations in Uruguay include the Fray Bentos pulp mill, the UPM Forestal Oriental forestry and wood sourcing company with its two nurseries, as well as the UPM Foundation.</p><p>UPM Forestal Oriental manages about 250,000 hectares of plantable land including own and Fomento partner producers' land. All of UPM's forest plantations are certified. </p><p>The Fray Bentos pulp mill started operations in 2007 and remains one of the world's most modern and efficient pulp mills. Its annual production capacity is 1.3 million tonnes of eucalyptus pulp. Besides pulp, the Fray Bentos mill is a significant biomass-based energy producer, accounting 8% of Uruguay's total energy production. The mill's wood raw material comes from sustainably managed local plantations.</p><p>Founded in 2006, the UPM Foundation works in coordination with local stakeholders to promote the development of rural communities through education, training and entrepreneurship, fostering a culture of safety and healthy living.</p><p>UPM employs directly and indirectly altogether 7,000 people in Uruguay and its contribution to Uruguay's GDP is 1.4%. <a href="http&#58;//www.upm.uy/">www.upm.uy</a></p><p><strong>UPM</strong><br>Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a href="http&#58;//www.upm.com/">www.upm.com</a></p><p>Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Twitter</font></span></a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">LinkedIn</font></span></a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Facebook</font></span></a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">YouTube</font></span></a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Instagram</font></span></a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">upmbiofore.com</font></span></a></p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM's negotiations with the Government of Uruguay concluded Anni Pakkala, Tulus Oy2017-11-01T10:00:00Z<p>​(UPM, Montevideo, 1 November 2017 at 09&#58;00 GMT -3.00) – The discussions between UPM and the Government of Uruguay concerning the infrastructure development and other local prerequisites for long-term industrial growth in Uruguay have been concluded. </p><p>&quot;The negotiations have been intensive and constructive. Now the result of the negotiations will be reviewed by both parties in their respective decision making processes. In UPM this is estimated to take approximately ten days,&quot; says Jaakko Sarantola, Senior Vice President, UPM, Uruguay Platform. </p><h3>Notes to the editor</h3><p>In July 2016, UPM commenced discussions with the Government of Uruguay regarding the prerequisites for long term industrial development in Uruguay, including infrastructure development. </p><p>The aim of these discussions during the first preparation phase has been to come to a mutual understanding on an investment agreement that defines the local prerequisites for industrial investment as well as initiatives for infrastructure development. </p><p>The subsequent second preparation phase would consist of a pre-engineering study and permitting process, and achieving significant progress in the implementation of the infrastructure initiatives agreed upon during the first preparation phase. This phase is expected to last one and a half to two years. </p><p>If these two preparation phases are concluded successfully, UPM will initiate the company´s regular process of analysing and preparing an investment decision regarding a potential pulp mill.</p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
Discussions with the Government of Uruguay progressing - key items alignedAnni Pakkala, Tulus Oy2017-05-04T09:00:00Z<p>​(UPM, Helsinki, 4 May 2017 at 01&#58;00 EET) - &quot;Good progress has been made in the discussions between the Government of Uruguay and UPM concerning the infrastructure development and other local prerequisites for long-term industrial growth in Uruguay. We are now in agreement regarding the majority of the key items on the negotiation agenda,&quot; says Jaakko Sarantola, Senior Vice President, UPM, Uruguay Platform.</p><p>&quot;Some remaining items still need to be solved as we start the work on the contract language which will specify the mutual responsibilities. Our focus lies heavily on solving these remaining topics,&quot; says Sarantola.</p><h3>Notes to the editor</h3><p><a href="http&#58;//www.upm.com/About-us/Newsroom/Releases/Pages/UPM-considers-alternatives-for-long-term-development-in-Uruguay---Logistics-infr-001-Thu-14-Jul-2016-00-48.aspx">In July 2016</a>, UPM commenced discussions with the Government of Uruguay regarding the prerequisites for long-term industrial development in Uruguay, including infrastructure development. </p><p>The aim of these discussions during the first preparation phase has been to come to a mutual understanding on an investment agreement that defines the local prerequisites for industrial investment as well as initiatives for infrastructure development. </p><p>The subsequent second preparation phase would consist of a pre-engineering study and permitting process, and achieving significant progress in the implementation of the infrastructure initiatives agreed upon during the first preparation phase. This phase is expected to last one and a half to two years. </p><p>If these two preparation phases are concluded successfully, UPM will initiate the company's regular process of analysing and preparing an investment decision regarding a potential pulp mill. </p><p>UPM-Kymmene Corporation<br>Pirkko Harrela<br>Executive Vice President, Stakeholder Relations</p><p>UPM, Media Relations<br>Mon-Fri from 9&#58;00 to 16&#58;00 EET<br>tel. +358 40 588 3284<br><a href="mailto&#58;media@upm.com">media@upm.com</a></p><p><strong>UPM</strong><br>Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a href="http&#58;//www.upm.com/">www.upm.com</a></p><p>Follow UPM on <a class="hugin" href="http&#58;//www.twitter.com/UPM_News" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Twitter</font></span></a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">LinkedIn</font></span></a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Facebook</font></span></a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">YouTube</font></span></a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Instagram</font></span></a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">upmbiofore.com</font></span></a>&#160;</p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx
UPM considers alternatives for long term development in Uruguay - Logistics infrastructure key challenge for the future Anni Pakkala, Tulus Oy2016-07-13T10:00:00Z<p>​(UPM, Montevideo, 13 July 2016 at 18&#58;45 GMT-3&#58;00, 14 July at 00&#58;45 EET) - UPM will commence discussions with the Government of Uruguay on the development of logistics infrastructure. Discussions will include railroad and roads, which currently are a critical challenge to establish large scale industrial operation in the Uruguayan inland and to connect it to a deep sea port. </p><p>&quot;Uruguay could accommodate a third state-of-art pulp mill with proven environmental performance, if the logistics infrastructure would be rebuilt to support large scale export-oriented businesses. If these challenges can be solved in the coming few years, Uruguay could be a competitive alternative for addressing UPM's pulp market opportunities in the 2020's,&quot; says Jaakko Sarantola, UPM's Senior Vice President, Uruguay Development.</p><p>UPM estimates that healthy fibre demand growth will continue in the long term. By end of 2020's the world demand for chemical pulp is expected to grow by approximately 20 million tonnes. Some 24 million tonnes of capacity has been closed during the last 15 years and UPM expects the closures to continue at similar pace creating opportunity for new, more competitive capacity.<br>&quot;In a short period of time Uruguay has created necessary conditions and successfully developed its pulp industry into an export business that has generated positive impacts to the country in many ways. UPM has been part of Uruguayan development for 25 years. We have consistently increased our plantation base in Uruguay and we are well-prepared to supply the wood for the third pulp mill in Uruguay.&quot;</p><p>&quot;UPM has developed competencies both in plantation and industrial operations as well as in environmental and social responsibility. Our operations in Uruguay have been leading in environmental performance and sustainability. This will continue being UPM's focus and commitment in all future operations as well.&quot;</p><p>&quot;We assess alternative growth prospects in different parts of the world. This prospective opportunity in Uruguay is well in line with our multifibre growth strategy. UPM is one of the few operators in the pulp market supplying both long and short fibre pulps for a broad range of customer sectors. The future capacity, along with UPM's current four world-class pulp mills, could serve customers in growing consumer and industrial end-uses like tissue, packaging and specialty papers and boards&quot;, concludes Sarantola.</p><p><strong>For more information, please contact&#58;</strong><br>Burson Marsteller Montevideo (+598) 2623 28 70</p><p><strong>UPM, Media Relations</strong><br>9.00-16.00 EET<br>tel. +358 40 588 3284 <br><a href="mailto&#58;media@upm.com">media@upm.com</a></p><p><strong>UPM</strong><br>Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a href="http&#58;//www.upm.com/">www.upm.com</a></p><p>Follow UPM on <a href="https&#58;//twitter.com/UPM_News" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Twitter</font></span></a> | <a href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">LinkedIn</font></span></a> | <a href="https&#58;//www.facebook.com/UPMGlobal" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Facebook</font></span></a> | <a href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">YouTube</font></span></a> | <a href="https&#58;//www.instagram.com/upmbiofore/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">Instagram</font></span></a> | <a href="https&#58;//www.upmbiofore.com/" target="_blank"><span style="text-decoration&#58;underline;"><font color="#0066cc">upmbiofore.com​</font></span></a></p>GP0|#80f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d;L0|#080f66fc0-c60d-4e2c-a1ed-b7e454bfdf4d|Press release;GTSet|#5f3597d4-e212-42ee-96a2-2301e0ef108baspx