Finland's UPM says Uruguay pulp mill gets green light

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Finland's UPM says Uruguay pulp mill gets green light
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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 UPM logo and corporate flag are seen at the UPM paper mill in Kajaani July 21, 2008. REUTERS/Bob Strongpulp 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.that its $2.72 billion eucalyptus pulp mill would grow its pulp business by more than 50%.The pulp and paper maker announced the project in 2019.

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