BillerudKorsnäs has entered into a binding agreement with all shareholders of Bergvik Skog AB concerning a split of Bergvik Skog AB’s forest assets, including BillerudKorsnäs’ acquisition of Bergvik Skog Öst AB. The acquisition contributes to securing BillerudKorsnäs’ future wood supply through direct deliveries and more efficient logistics flows and by making the company a strong player on the Swedish wood market. BillerudKorsnäs announced on 27 November 2017 that it had signed a letter of intent to acquire Bergvik Skog Öst AB, which comprises approximately 350,000 hectares of forest land in Sweden. Since the signing of the letter of intent, the company has carried out due diligence of Bergvik Skog Öst AB and negotiated the final terms of the acquisition agreement. Click read more below for additional detail.
UPM plans to invest EUR 2 billion in a new mill to be located near the city of Paso de los Toros in central Uruguay. The new mill would have capacity to produce about 2 million tonnes of eucalyptus pulp annually.
A year ago UPM and the government of Uruguay signed an investment agreement which outlines the local prerequisites for a potential pulp mill. The agreement details the roles, commitments and timeline for both parties as well as the relevant items to be agreed prior to the final investment decision. Currently UPM is carrying out technical studies and applying for the necessary permits.
“A pulp mill investment of this scale requires efficient logistics to enable secure wood supply and pulp deliveries from the inland mill to the port of Montevideo. This will require the construction of a modern railway to the port and a modern pulp terminal as well as development of the road network,” says Petri Hakanen, Senior Vice President of the UPM Uruguay Development Project.
The new railway would provide transport opportunities not only for forestry but also for other businesses like grain and wooden products, while also increasing Uruguay’s export competitiveness worldwide.
“We need to ensure that infrastructure development and the permit processes move forward as planned. These are the most significant requirements at this stage,” says Hakanen.
more at: https://www.upm.com/about-us/for-media/stories/articles/2018/12/planning-for-the-future-in-uruguay/