UPM, Finland, this past wee Currently UPM is engaged in discussions with the Government of Uruguay on infrastructure development. 

The discussions with the Government of Uruguay have proceeded in positive spirit, the company notes. The start of any investment project concerning a potential pulp mill would require satisfaction of several requirements, one of them being a positive conclusion of the negotiations with the Government of Uruguay on the infrastructure development. However, the discussion currently has not been concluded and a number of issues remain unsettled. 

UPM will not comment on the negotiations in any further detail. However it will inform of potential progress as required under the applicable laws and regulations.

Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA, and UPM Plywood. Its products are made of renewable raw materials and are recyclable. The group employs around 19,600 people and its annual sales are approximately EUR 10 billion.