Uruguay's second pulp mill Montes del Plata started production this week following an investment of 2 billion dollars, the largest ever in the recent history of the country. The announcement was made by the Chilean-Swedish complex that is running the plant.
Uruguay’s largest pulp mill UPM announced that it will be making final checks of the plant’s equipment in the rest of the week, following on annual maintenance work, but production is not scheduled to resume until the Finnish company receives a reply from President Jose Mujica regarding the output expansion request.
Finland’s energy and pulp UPM group has again been named among the world's sustainability leaders. The company has retained its position in both the Dow Jones European and World Sustainability Indices (DJSI) for 2013-2014. Furthermore, the company has been assessed as the industry leader in environmental sustainability within the Paper and Forest Products sector with top scores.
Uruguay’ President Jose Mujica said the decision authorizing a possible expansion, or not, of the UPM/Botnia pulp mill is closely linked to Argentina and the construction of a third plant along an inside Uruguayan river and not a shared one as is the case now.
Uruguay’s First Lady and Senator Lucia Topolansky said that for her fellow countrymen having a dispute with Argentina is “like fighting with yourself” and described as ‘painful’ the several years long conflict between the two countries over the construction of the UPM (former Botnia) pulp mill on a shared river.
Brazilian group JBS-Friboi, a leading global exporter of meat products, has inaugurated an industrial complex for pulp production with an investment of 6.2 billion Reais (approx 3 billion dollars).
A huge pulp mill, UPM, which has been at the heart of a several years’ controversy between Uruguay and Argentina, does not contaminate revealed Uruguay’s Foreign Affairs minister Luis Almagro before the Uruguayan parliament.
The Chilean group Arauco, an affiliate of the pulp and paper Copec Enterprises announced on Thursday that together with its European partner they had subscribed 1.354 billion dollars in loans for the construction of a pulp plant in Uruguay.
Diplomatic relations between Argentina and Uruguay are going through “a very good moment, which can obviously be improved”, but there are “no open conflicts” because the dispute over the Botnia pulp mill has been definitively “buried”, said Argentine Foreign Affairs minister Hector Timerman.
The Inter-American Development Bank (IDB) approved a 200 million dollars loan for Uruguay’s second major pulp mill investment, Celulosa y Energía Punta Pereira S.A. and Zona Franca Punta Pereira S.A., belonging to the Montes del Plata Group.