Tuesday, September 3, 2013

Uruguay Will Not Authorize UPM Pulp Expansion

http://en.mercopress.com/2013/08/31/uruguay-fearing-the-wrath-of-cristina-fernandez-denies-authorization-to-expand-pulp-mill-capacity
Uruguay will not authorize UPM pulp expansion at Fray Bentos as talks with Argentina underway; mill maintenance outage may be extended [From the web]
The Uruguayan government fearful of Argentine President Cristina Fernandez's reaction will not authorize the local UPM pulp mill to expand its production capacity from 1 million to 1.3 million tons annually, in the short term, according to company and government sources.
On Friday UPM with its pulp mill next to Fray Bentos on the shared river Uruguay, across from the Argentine town of Gualeguaychú reported that beginning 14 September it will start its annual maintenance stoppage.