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Botnia Gets Green Light to Start-Up New Pulp Mill

Nov. 9, 2007 - Metsä-Botnia (Botnia) said Uruguayan authorities last night gave the company final approval to start-up its new pulp mill in Fray Bentos, Uruguay.

"This is a very important moment for the company," said Erkki Varis, president and CEO. "We are starting up one of the most modern pulp mills in the world and an example in environmental care."

Botnia has invested US $1.2 billion constructing the mill, which is designed to produce one million tons per year of eucalyptus pulp. The company also operates 5 other pulp mills in Finland.

Production from the new mill will be exported to markets in Europe and Asia, Botnia said.

"This is the moment to thank all the people involved in transforming this project into reality. Especially it is a moment to thank the 7,000 workers who have participated in the construction of the mill, the more than 1,000 professionals and technicians who developed the project and all the companies involved in the project," said Ronald Beare, Managing Director of Botnia S.A.

Botnia said the start-up process will begin as soon as all necessary preparations have been finalized.

SOURCE: Metsä-Botnia




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