UPM advances in negotiation for new pulp mill in Uruguay

SAO PAULO, May 14, 2019 (PPI Latin America) -UPM and the government of Uruguay have advanced in the agreement for the new bleached eucalyptus kraft (BEK) pulp mill the company plans to build near the city of Paso de los Toros. Preparations are now at the final stages. The company toldPPI Latin Americathat further actions are still needed, but said it looks forward to conclude the last preparation phase before the investment decision is made.

Last week, Uruguay’s president Tabaré Vázquez announced to the local press that the government and UPM had already reached into a final agreement.

"I can safely say ...

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