Annual Report 2023 UPM Forestal Oriental

6

MORE THAN 30 YEARS OF HISTORY IN URUGUAY

1990

2003

2005

2007

KYMMENE (UPM since 2009) and Shell create the Compañía Forestal Oriental S.A. Plantations and the genetic improvement programme begins

BOTNIA Botnia purchases the Shell shareholding at Compañía Forestal Oriental

DEVELOPMENT PROGRAMME The Development Programme and the Botnia Foundation (now the UPM Foundation) are created

PULP MILL IN FRAY BENTOS The pulp mill in Fray Bentos begins its operations

UPM UPM purchases Botnia shareholding 2009

2012

2015

2016

DISTINCTION The Food and Agriculture Organisation (FAO) of the United Nations recognises UPM as an exemplary case due to its sustainability criteria for plantations

PROTECTED AREAS The Esteros y Algarrobales del Río Uruguay area is added to the National System of Protected Areas

NURSERIES Inauguration of the second nursery in Paysandú and of the Research and Development Centre in the Fray Bentos mill

2022

2023

FORESTY RESEARCH CENTRE UPM inaugurated a specialised pulp terminal in the port of Montevideo. In addition, in Paysandú, the first Forestry Research Centre specialised in Eucalyptus opened its doors

PASO DE LOS TOROS MILL UPM inaugurates its third nursery in Sarandí del Yí and its second mill in the centre of the country