Stora Enso, Arauco, JV May Build Pulp Mill in Uruguay
Feb. 9, 2010 (Press Release) - Stora Enso's and Arauco's joint-venture company in Uruguay, Montes del Plata,
has decided to initiate a feasibility study on Punta Pereira as the site for a
possible future pulp mill. Punta Pereira was also the site chosen for Spanish
pulp maker ENCE's planned pulp mill. Stora Enso and Arauco acquired the majority
of ENCE's operations in Uruguay in October 2009.
Studies prepared by Montes del Plata show that Punta Pereira, in the Department
of Colonia, is a promising location for the possible pulp mill and therefore
more detailed economic, technical, environmental and social studies are
justified. Punta Pereira also offers flexibility in terms of planning of a
“We have come out with a decision which is based on our preliminary economic,
operational and environmental findings. The identification of Punta Pereira will
allow us to proceed to the next phase - a detailed feasibility study,” says
Stora Enso CEO Jouko Karvinen.
The final decision on construction of the new pulp mill will be taken by the
Boards of Directors of Stora Enso, Arauco and Montes del Plata once the
feasibility study is completed.
SOURCE: Stora Enso