UPM announces that the loading of the first shipment of pulp from the state-of-the-art UPM Paso de los Toros pulp mill has been successfully completed at UPM’s new deep sea pulp terminal in Montevideo. The M/V Saga Faith sailed on Friday, 26 May, carrying a full ship load of about 50,000 tonnes of UPM Euca pulp to Asia, where the vessel is expected to arrive around mid July.
A commemorative ceremony was held 23 May to see the loading operation of the vessel at the UPM pulp terminal in the port of Montevideo with the attendance of Uruguay’s Minister of Transport, José Luis Falero.
UPM’s pulp terminal in the port of Montevideo started operations in October 2022. The highly specialised, fit-for-purpose pulp terminal operates 24/7 with an annual operating capacity of over 2 million tonnes of pulp and 80 ships per year. The terminal employs 100 people, reaching 200 during the loading and unloading of cargo ships. The terminal includes a large storage warehouse of over 50,000 square meters with capacity to store 150,000 tonnes of pulp, a control room, logistics spaces and offices. UPM operates the terminal on a 50-year concession.
The USD 240 million port investment is a fundamental part of UPM’s USD 3.47 billion growth investment in Uruguay that includes besides the port also the Paso de los Toros pulp mill, which started operations 15 April 2023, and investments in local facilities in Paso de los Toros.