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

  • The UPM Paso de los Toros project, which includes the mill, a specialized pulp terminal in the port of Montevideo and related civil works in Central Uruguay, is progressing at a good pace.
  • At the pulp mill site in Paso de los Toros, the installation phase with mechanical erection continues to progress in all main process areas. Majority of large civil works have been completed. Commissioning works will proceed in the coming months.
  • At the port terminal in Montevideo, the dock walls and storage tanks are ready. The pulp storage building is about to be completed, while the rest of the works will continue until July 2022. Testing of the systems started in early May. Currently, the focus is on dredging the dock, railway works, paving, and electrical, piping and automation installation.
  • At the Sarandí del Yí nursery, the assembly work on greenhouses and buildings is complete, and commissioning activities are carried out on the boiler and the irrigation, control, and heating systems. The team already has 50 people working and being trained for the operations of the nursery.

Significant boost to economy and regional development


World class pulp mill in central Uruguay