ARTICLE · 26 SEPTEMBER 2016

Uruguay Evaluates Biggest Production Investment In Its History

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The third stage involves construction of the plant, which would take a period of 30 months.

UruguayGovernment, Public Sector

Santiago Fontana

The national government and the forestry company UPM have launched negotiations for installation of a cellulose plant, which will be the country's third and UPM's second in Uruguay.

The company announced in a press conference that talks had begun with authorities on the development of logistics infrastructure for the installation of a new cellulose processing plant in the Río Negro basin. The project involves a private investment of some USD 4 billion plus USD 1 billion in public investment to improve logistics infrastructure, for a total investment of close to 10% of Uruguayan GDP. The infrastructure improvements necessary will involve repair of highways, railways and conditioning of the Montevideo port.

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