Expanding timber plantation resources in Uruguay attract pulpmill investments from European forest companies, reports Wood Resource Quarterly

Press release – For Immediate Release Seattle, USA. March 2009 Expanding timber plantation resources in Uruguay attract pulpmill investments from European forest companies, reports Wood Resource Quarterly Favorable timber growing conditions, a good... More

Press release – For Immediate Release Seattle, USA. March 2009 Expanding timber plantation resources in Uruguay attract pulpmill investments from European forest companies, reports Wood Resource Quarterly Favorable timber growing conditions, a good business climate and a stable political environment has attracted a number of European forest companies to invest in Uruguay the past few years. The establishment of fast-growing Eucalyptus and pine plantations could eventually support two or three new pulpmills, according to the WRQ. Seattle, USA. March 2009. Uruguay is a new destination for investors in forest plantations and in forest products manufacturing. There is currently only one pulpmill in the country but there are plans for at least three more if financing for the projects can be secured. The Finnish company Metsa-Botnia is the owner of the existing mill, which has an annual production capacity of about one million tons. Two-thirds of the wood supply is coming from the co Less