UPM Pulp Matters 1/2023

CONTENT 1/2023 4–13 FIBRE PHENOMENA THE GIANT OF PASO DE LOS TOROS 14–17 MARKET REVIEW CONQUERING NEW MARKETS 18–19 CUTTING EDGE EUCALYPTUS EXPERTISE 20–25 PULP FACT PULP MUST FLOW 26–29 PERSONAL TOUCH HOME-GROWN OPPORTUNITY 30–31 GOING LOCAL BUILDING A BETTER FUTURE 30–31 NEWS WOOD-DECAYING FUNGI CAMPAIGN, DIGITAL FUTURES SCHOOL & STREAM WATER PROGRAMME 34–35 BUSINESS BLUEPRINT CREATING TRANSFORMATIVE GROWTH IN URUGUAY

END-TO-END CUSTOMER FOCUS WITH UPM EUCA

In this issue of Pulp Matters magazine we celebrate the completion of our transformative growth investment in Uruguay, as the new UPM Paso de los Toros pulp mill has begun operating. At the time of going to print the first customer deliveries have just been shipped from our new pulp terminal in Montevideo port, and we are proceeding with the mill’s ramp-up phase towards reaching the annual production capacity of 2.1 million tonnes. The new mill represents a major development for both UPM and our customers, as we are able to more than double our yearly production of eucalyptus pulp. We now have 15 years’ experience running the UPM Fray Bentos mill and more than 30 years’ experience in sustainable forestry in the country. This combined experience and developed expertise together with our strong R&D foundation provides us with a unique end-to-end view of the entire value chain, through which we continuously seek to add value for our customers. In this issue we introduce various elements related to the expansion of our operations in Uruguay, such as the state-of-the-art pulp terminal in Montevideo port and our new Forestry Research Centre. We also offer views on the positive local impacts provided by employment at our new nursery in Sarandí del Yí and the manufacturing of temporary housing modules for construction workers at Paso de los Toros. In addition, Petri Hakanen , SVP of the Uruguay Development Project, explains what it takes to complete such a massive undertaking as our Paso de los Toros project, while Tomas Wiklund , SVP, Sales at UPM Pulp, outlines how the company plans to enter a new market in North America, boosted by the increased capacity from Uruguay. Over the years we have developed a solid platform in Uruguay and earned a place in the industry with consistently high quality eucalyptus pulp from the Fray Bentos mill. I fully expect our new mill to gain a similar position as we strive to provide value to our customers and opportunities to grow together in the years to come.

PULP MATTERS ISSUE 1/2023 Alvar Aallon katu 1, PL 380, FI-00101 Helsinki www.upmpulp.com Publisher: UPM Pulp Editor-in-chief: Sari Hörkkö Editorial board: Fang Deng, Sari Hörkkö, Joy Li and Damyanti Rathore

PEFC/02-31-80

Promoting Sustainable Forest

Management www.pefc.org

Production and layout: Vapa Media Printing house: Grano

PULP MATTERS is published in English and Chinese. Cover: UPM Fine 170 g Paper: UPM Fine 120 g

Marcos Battegazzore VP, Pulp and Forestry Operations, UPM Uruguay

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