UPM's Forestal Oriental increases land ownership in Uruguay

Archive 20.1.2011 13:00 EET

(UPM, Helsinki, 20 January 2011 at 13.00 EET) – In order to improve wood procurement options and to support self-sufficiency in wood supply to Fray Bentos pulp mill, UPM's plantation company Forestal Oriental has acquired about 25,000 hectares of land in Uruguay from a private land owner.

The purchase includes several different plots of land. About half of the land is either already planted or suitable for eucalyptus plantations. The total price for the land acquisition including the standing wood reserves is about EUR 65 million.

For further information please contact:

Mr Javier Solari, Vice President, UPM Plantation Operations, tel. +59 899 258 862

Notes to editors:

Forestal Oriental is UPM's plantation company in Uruguay. It has been operating since 1990. The head offices are located in the cities of Paysandú and Montevideo. Forestal Oriental is focused on the sustainable production of eucalyptus in Uruguay. The company owns about 225,000 hectares of land, out of which about 135,000 ha is used for plantations. The majority of the wood harvested is supplied to UPM Fray Bentos pulp mill.