• UPM's main executives met with the President of Uruguay, Dr. Lacalle Pou

UPM's main executives met with the President of Uruguay, Dr. Lacalle Pou

Press Release 20.8.2021 16:30 EEST

(UPM, Montevideo, August 20, 2021, 10:30 GMT-3: 00) – The main executives of UPM met with the President of Uruguay, Dr. Luis Lacalle Pou. During the visit, the president and CEO of UPM, Jussi Pesonen, the Executive Vice President, Biorefining, Bernd Eikens, and the Senior Vice President of the UPM Development Project in Uruguay, Petri Hakanen, recognized the government's effort to carry out the necessary works for the construction of the second pulp mill of the company in the country, which will generate permanent positive impacts in several dimensions.

In addition, Pesonen highlighted the good management of the COVID-19 pandemic carried out by the government of Uruguay.

“We appreciate the opportunity to meet with President Lacalle Pou to update him on the progress of the project. The works are progressing according to plan and we are proud to be part of the economic reactivation of Uruguay, generating employment and opportunities for companies in this construction stage, as well as in the future, once the mill is up and running. There is still a lot of work to be done and our team is working hard to start operations during the second half of 2022, "said Jussi Pesonen, President and CEO of UPM.

The meeting included an update on the progress of the project in Durazno, and information was also exchanged regarding the way forward.



We offer responsible and renewable solutions and innovate for a future that goes beyond fossil-based products in six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As an industry leader in responsibility, we are committed to the United Nations 1.5 ° C Business Ambition and science-based targets to mitigate climate change. We have around 18,000 employees worldwide and our annual sales are approximately € 8.6 billion. Our shares are listed on the Nasdaq Helsinki Ltd. Stock Exchange. UPM Biofore: No fossil fuels. www.upm.com

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