Finland's UPM says Uruguay pulp mill gets green light

April 15, 2023 08:21 AM AEST | By Reuters
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(Reuters) - Finnish forestry group UPM's pulp mill in Uruguay has received authorization for its new Paso de los Toros pulp mill from the environmental authorities, the company said in a statement on Saturday.

The mill will commence operations immediately, and first customer deliveries are expected to ship in May, it said.

The company had earlier announced that its $2.72 billion eucalyptus pulp mill would grow its pulp business by more than 50%.

UPM and its subcontractors will create 4,000 new jobs through the value chain, the company said.

The pulp and paper maker announced the project in 2019.

(Reporting by Shivani Tanna in Bengaluru; Editing by Sandra Maler)


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