Finnish paper giant invests $2.7 bln to build Uruguay mill

Helsinki, Jul 23 (AP) Finnish paper and pulp maker UPM-Kymmene Corp. says it will invest $2.7 billion to build an eucalyptus pulp mill in central Uruguay in a project that the company says has been carefully prepared together with the government of the South American nation. The Helsinki-based company said in a statement Tuesday the new 2.1 million-tonne mill will be located in central Uruguay and will raise UPM's pulp making capacity by more than 50% after it comes online in the second half of 2022.

The Finnish forestry company, one of the world's largest paper product and pulp producers, currently has a plant in Fray Bentos, southwestern Uruguay. UPM says it has secured the supply of eucalyptus through its own and leased plantations in Uruguay. (AP) AMS

AMS

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)