© The Financial Times Ltd 2015 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
(UPM, Fray Bentos, 3 October, 2013 at 05:10 EET) – The State of Uruguay has granted permission for UPM Fray Bentos mill to increase its annual pulp production from the current 1.1 million to 1.2 million tonnes. “The decision demonstrates the State of Uruguay’s continuing support to the development of the forestry sector in Uruguay” says Jaakko Sarantola, Senior Vice President of UPM’s Pulp Business. UPM Fray Bentos will now immediately continue pulp production after the annual maintenance shutdown. Due to the efficiency and productivity of the mill, the production increase can be realised without additional investments in the production processes. However, UPM is expected to invest in a cooling system for the mill’s effluent water. “The productivity has increased as a result of focused and professional work of the Uruguayan team throughout the whole forestry value chain. Since the start-up of the operations, the mill’s environmental performance has been excellent and UPM continues respecting the authorized permit limits”, says Sarantola. For further information, please contact: Jaakko Sarantola, Senior Vice President, UPM Pulp Business, tel. +35840 707 0221 UPM, Media Desk, Mon–Fri from 9.00 to 16.00 EET tel. +358 40 588 3284 firstname.lastname@example.org www.twitter.com/UPM_News UPM leads the integration of bio and forest industries into a new, sustainable and innovation-driven future. Our products are made of renewable raw materials and are recyclable. UPM consists of three Business Groups: Energy and Pulp, Paper, and Engineered Materials (until 31 October 2013). The Group employs around 22,000 people. The company is present in 67 countries and has production plants in 17 countries. UPM's annual sales exceed € 10 billion. UPM's shares are listed on NASDAQ OMX Helsinki. UPM – The Biofore Company – www.upm.com