Investment agreement for a possible new pulp mill in Uruguay
In November, UPM and the Government of Uruguay signed an investment agreement, which outlines the local prerequisites for a potential pulp mill investment. The site of the mill would be close to the city of Paso de los Toros, in central Uruguay. The agreement details the roles, commitments and timeline for both parties as well as the relevant items to be agreed prior to the final investment decision.
"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," says Jaakko Sarantola, UPM's Senior Vice President, Uruguay Development.
BIOFORE diciembre 2017 - FINLANDIA