Arauco to acquire Masisa's wood panel mills in Mexico
February 5, 2019
MEXICO (News release) -- Arauco says it will acquire Masisa's wood panel mills in Mexico, which involves two industrial complexes located in Durango and Zitácuaro. The operation considers an investment of $160 million, and positions Arauco as the world's second producer of wood panels, with an annual 10 million cubic metres.
In terms of production, both facilities combined have three particleboard lines with an annual installed capacity of 339,000 cubic metres, an MDF panel line with an annual capacity of 220,000 cubic metres, melamine laminate lines with an annual installed capacity of 309,000 cubic metres, a chemical plant that produces resin and formalin, and treatment lines.
Arauco's Senior Vice-President Commercial & Corporate Affairs Charles Kimber said: "We are very happy with this new purchase, which is set within our internationalization plan, aiming to position Arauco as a global company and market leader. With this acquisition, we will be extending our presence in the North American panel market, where we see very favorable signs of a rising trend regarding these types of products for the furniture and home industry".
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