Q3 2019 UPM-Kymmene Oyj Earnings Call Transcript
Ladies and gentlemen, dear audience, my name is Jussi Pesonen, I'm the CEO of UPM. And I'm here with our CFO, Tapio Korpeinen.
Hello, everybody.
Q3 was a milestone quarter in our strategic transformation. The biggest news in the quarter was, obviously, the decision to proceed with the highly competitive pulp mill investment in Uruguay. The mill will be one of the lowest cost pulp operations in the world. And as such, is attractive investment to us. The project represents a step change in the scale of our pulp business. More importantly, it represents the step change in UPM's future earnings.
UPM is in a unique position, as we are proceeding with the execution and preparation of the major future growth prospects. Over the past years, we have been developing
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