UPM and the Government of Uruguay sign an investment agreement to establish a competitive operating platform for a possible new pulp mill in Uruguay

Nasdaq
November 7, 2017
Category: Business & Politics
Region: International

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. 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. A long-term industrial operation requires stable and predictable operational environment.

Read More