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Uruguay to sign agreement with Finnish company UPM for second pulp mill

The president of Uruguay, Tabaré Vázquez, affirmed today that next week the agreement will be finalized with the Finnish company UPM for the installation of a second pulp mill of that one company in the country.

Montevideo, Oct 12 (EFE) .- The president of Uruguay, Tabaré Vázquez, affirmed today that next week will conclude the agreement with the Finnish company UPM for the installation of a In an interview with the local radio station Sarandí, Vázquez said that after "a year and three months" with meetings of the companies. parties, "the negotiating teams have already reached an agreement of more than 99% on the issues dealt with" and he hopes that "in the course of next week the agreement will already be reached."

president assumed as positive the project of UPM given that "generates jobs" and new "capacities" and declared that after "12 years was seen as the arrival of foreign investments improved the living conditions of Uruguayans. "

Regarding the request for information on this subject, claimed by the opposition, Vazquez said that once signed the agreement will provide the text "with total transparency" but in the meantime a confidentiality commitment with UPM must be maintained.

The Finnish paper mill UPM has been located since 2016 in negotiations with the Uruguayan Government to install its second pulp mill in the country.

If this investment materialized, Uruguay would have a third pulp mill in its (the second of UPM), which would be located on the banks of the Rio Negro, in the center of the country.

The first plant that installed the Finnish paper mill in Uruguay, in the city of Fray Bentos, in the department of Río Negro, generated tensions between Uruguay and Argentina during the first Vázquez government (2005-2010) and its Argentine counterparts Néstor Kirchner first and Cristina Fernández later.

The conflict resulted in a trial before the International Court of Justice (ICJ) of The Hague, which in 2010 determined that the plant does not contaminate, contrary to which the Argentine authorities affirmed, but that the Uruguayan government did not properly inform the neighboring country, as required by the bilateral agreements.

Despite this conflict, in August of 2016 Vázquez said that his Argentine counterpart, Mauricio Macri, welcomed the installation of this second UPM plant in Uruguay.

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