Growth opportunity

Significant boost to economy and regional development. The pulp mill project is proceeding at full speed according to the planned schedule.


UPM is building a 2.1 million tonne greenfield eucalyptus pulp mill near Paso de los Toros in central Uruguay. The mill is scheduled to start production by the end of March in 2023. Besides the mill, the total investment of USD 3 billion also includes a pulp terminal in the port of Montevideo as well as investments in local facilities in Paso de los Toros.


Latest developments

  • Approximately 7,000 people are currently working on the project at the various construction sites.
  • At the pulp mill site in Paso de los Toros, the installation phase with mechanical erection continues to progress in all main process areas and Electrical, Instrumental and Automation works are ongoing. Most of the large civil works have been completed. The commissioning phase is ongoing, and the first tests have already been carried out on the auxiliary boilers.
  • Large scale cargo transfers from the UPM Fray Bentos port to the new mill site have been completed. The project included more than 7,000 trips, 2,000 large cargoes, some 450 barge crossings and about 22 large-scale vessels to transfer machinery, equipment, and large parts.
  • Works at the pulp terminal in the port of Montevideo are progressing. The pier walls, storage tanks and warehouse building are ready, all the rest of the works inside of the concession are in progress and will be completed by early Q3 2022.
  • The focal areas at the ongoing port works are the railway works, pavements and the remaining electrical and automation installation.

Significant boost to economy and regional development


World class pulp mill in central Uruguay