UPM’s new pulp terminal, located in the newly developed deep sea port in Montevideo, will have an annual operating capacity of over 2 million tonnes of pulp.
October 7, 2022
UPM has officially inaugurated its new pulp terminal in the port of Montevideo, Uruguay, with an investment of about USD 280 million. This is fundamentally a part of UPM’s USD 3.47 billion growth investment in Uruguay includes a state-of-the-art pulp mill in Paso de los Toros, a new eucalyptus tree nursery besides investments in local communities.
In the words of Mr. Jussi Pesonen, President and CEO, “This is a significant milestone in our growth project in Uruguay. The new pulp terminal with direct connections from the new pulp mill and to the global markets plays a key role in the growth and competitiveness of UPM’s pulp business. The public infrastructure investments to the deep sea port and railway improve the competitiveness of all export sectors in Uruguay.”
The new pulp terminal is located in the newly developed deep sea port in Montevideo. From now onwards, all UPM pulp from Uruguay will be shipped with fully loaded ocean vessels directly from Uruguay. The terminal will operate 24/7 with an annual operating capacity of over 2 million tonnes of pulp and approximately 100 ships per year, creating a 60 percent increase in the total annual cargo exported from the port of Montevideo. The terminal will employ approximately 100 people, with another 200 people working in the loading and unloading of cargo ships.
The terminal has a large warehouse spanning over 50,000 sq m, a control room, logistics spaces and offices. The new 2.1 million tonne Greenfield eucalyptus pulp mill near Paso de los Toros in central Uruguay is scheduled to start production by the end of Q1 2023.