UPM inaugurated its new pulp terminal in the port of Montevideo, Uruguay. This investment of approximately USD 280 million is a fundamental part of UPM’s USD 3.47 billion growth investment in Uruguay that includes a state-of-the-art pulp mill in Paso de los Toros, new eucalyptus tree nursery as well as local community investments in Paso de los Toros. …The new pulp terminal is located in the newly developed deep sea port in Montevideo. In the future, all UPM pulp from Uruguay will be shipped with fully loaded ocean vessels directly from Uruguay. This is a significant change to the current logistics that have depended on the deep sea ports in Brazil. …UPM’s new 2.1 million tonne greenfield eucalyptus pulp mill is scheduled to start production by the end of Q1 2023.