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Posted by: myscottishfitba

Montevideo :: Uruguay | updated 2012-04-12 16:02:33 -0700 | business-news

The US tobacco giant Philip Morris will close its plant in Uruguay after damages caused to its deadly market by the country's anti smoking law. The “extreme” tax and regulatory measures had “shifted market dynamics,” AFP quoted Nicolas Echeverria, general...
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Breaking News: Owners of ex-Botnia in Uruguay are shrinking in Europe
   
Posted by: Vicky247

Fray Bentos :: Uruguay | updated 2012-04-19 12:45:09 -0700 | business-news

"The plants are very unfortunate closure for the affected workers, but restructuring is theonly way to achieve a fundamental improvement in cost competitiveness of our paper business, "said a statement by the president of UPM, Jyrki Ovaska. The Scandinavian company...
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