UPM Forestal Oriental Annual Report 2022

MORE THAN 30 YEARS OF HISTORY IN THE COUNTRY

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

FOMENTO PROGRAMME The Fomento

Programme and the Botnia Foundation (now the UPM Foundation) are created

UPM UPM purchases Botnia shareholding

1990 2003 2005 2007 2009 2012

P U LP MILL IN FRAY BENTOS The pulp mill in Fray Bentos begins its operations

BOTNIA Botnia purchases

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

the Shell shareholding at Compañía Forestal Oriental

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