Latest News
Forestry Investment News
Europeans increasingly investing in Uruguay forests
16/03/2009
Pulp and paper industry magazine, WRQ, has revealed that Europeans are increasingly investing in Uruguay due to its stable political environment, solid business climate and good timber growing conditions.
WRQ says the country has enough established fast-growing pine and eucalyptus plantations to support up to three new pulp mills, making it attractive to investors in forest products manufacturing and forest plantation.
The existing pulp mill in Uruguay is owned by Finland-based Botnia. The Spanish paper firm, ENCE, is planning a second mill in Montevideo, which is expected to produce a million tons of pulp a year.
A Portuguese paper firm, Portucel Soporcel, is also interested in establishing a mill in Uruguay, according to reports. The mill is expected to produce 1.3 million tons a year and is most likely to be located in the southeastern part of the country.
A third mill may be opened by Swedish/Finnish collaboration, Stora Enso, which is looking to open a mill in the centre of Uruguay. It has already bought 70,000 hectares and has planted 14,000 hectares with pine and eucalyptus so far.
Industry experts believe export demand for eucalyptus will continue to grow, with shipments doubling to 1.3 million tons.
WRQ says the country has enough established fast-growing pine and eucalyptus plantations to support up to three new pulp mills, making it attractive to investors in forest products manufacturing and forest plantation.
The existing pulp mill in Uruguay is owned by Finland-based Botnia. The Spanish paper firm, ENCE, is planning a second mill in Montevideo, which is expected to produce a million tons of pulp a year.
A Portuguese paper firm, Portucel Soporcel, is also interested in establishing a mill in Uruguay, according to reports. The mill is expected to produce 1.3 million tons a year and is most likely to be located in the southeastern part of the country.
A third mill may be opened by Swedish/Finnish collaboration, Stora Enso, which is looking to open a mill in the centre of Uruguay. It has already bought 70,000 hectares and has planted 14,000 hectares with pine and eucalyptus so far.
Industry experts believe export demand for eucalyptus will continue to grow, with shipments doubling to 1.3 million tons.
RSS