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 3.47 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 6,000 people are working on the project at the various construction sites.
  • At the Paso de los Toros pulp mill site, the machinery installation is nearly completed. The mechanical erection advances in all process areas in parallel with the electrical, instrumental and automation works.
  • The commissioning phase is progressing: The auxiliary boilers and power boiler have already been commissioned, and the commissioning of the water intake and treatment, process air system, fibre line and wood handling has started.
  • Works at the pulp terminal in the port of Montevideo have been completed. The railway connection from the port to the Central Railroad is in progress.

Significant boost to economy and regional development


World class pulp mill in central Uruguay