28. KEY SECTOR OF THE URUGUAYAN ECONOMY
/// The Forestry Sector will account for 17% of exports, and 4,5% of Uruguayan´s GDP
Source: Uruguay XXI based on data furnished by the Central Bank of Uruguay

29. AVAILABILITY OF FORESTRY LAND
• Same latitude as the main forestry enterprises in the southern hemisphere.
• Climate and soil of international competitiveness
• 4 million hectares declared as forest priority
• The forestry area (according to forestry national survey is 1.000.000 hectares.

30. AVAILABILITY OF FORESTRY LAND
/// High-grade wood for cellulose pulp and the manufacture of solid wood products
Source: DNI, MIEM – 2012. First Report of the Wood Products Export Promotion Program - Forest and Wood Sector Council.

31. AVAILABILITY OF FORESTRY LAND
Source: DNI, MIEM – 2012. First Report of the Wood Products Export Promotion Program - Forest and Wood Sector Council.
Pine Tree
Eucaliptus

32. FORESTRY LAW
/// Law nº 15.939 forests declared as “yielding” included in “quality
wood projects” enjoy the following tax benefits.
/// Income derived from its exploitation shall not be considered for
purposes of IRAE
/// Shall not be considered for IP purposes
/// Exoneration on the rural property tax

33. CASE OF SUCCESS // MONTES DEL PLATA
• Stora Enso is a Finnish-Swedish company present in Uruguay Since
2004
• Both Companies have land base of aprox 250,000he (1.4% of the
national territory)
• Montes del plata’s investment in the construction of a plant in
Conchillas, which produces 1,300,000 tons of cellulose pulp, amounts
to USD 1.900 million. The overall invested amount in the project was of
USD 2.500 million.
• Produces 150-200MW power, 90MW for own consumption
• On a daily basis about 700 people work at the plant and in the entire
production chain about 5,000 people are employed on a permanent
basis.

34. CASE OF SUCCESS // WEYERHOUSER
• Present since 1996; logging operations began in 2005
• In 2016 It has 130,000 he : 50% was forested with pine, eucalyptus
and poplar
• The plywood plant exported USD 65million to Europe, Latin America
and USA in 2015
• 690 employees in Uruguay (1.800 including contractors)
• Investment = USD 90 million. Top exemptions = USD 125 million (tax
on income, assets. Fees , VAT)
• The company investing in renewable energies (electricity and fuel)
wood products engineering and paneling, and currently has a power
generation capacity of 12 MW

35. CASE OF SUCCESS // UPM
• UPM (Finland) is one of the largest producers of pulp globally. It has
225,000 he of land, of which 135,000 he are cultivated plantations.
• The construction of its plant in Uruguay was the largest investment in
the history of the country (more than U$ S 1,100 million 1.6% of GDP)
up to the date. (After which Montes del Plata’s investment would take
place, becoming the major investment in the country’s history.)
• The plant has an annual production capacity of 1.3 million tons of pulp
from eucalyptus with free chlorine technology, exported pulp by USD
600 million in 2015.