Tag: Montes del Plata

• Wednesday, May 22nd 2013 - 18:14 UTC

  Uruguay’s booming construction industry anticipates a tough year ahead

  

  The investment in the construction industry in Uruguay soared 26.45% last year over 2011 and reached seven billion dollars, of which 40% correspond to the Brazilian-Chilean pulp mill, Montes del Plata, the country’s largest investment in years equivalent to 2 billion dollars. However there are storm clouds ahead.

• Friday, December 14th 2012 - 07:42 UTC

  Uruguayan economy expands 3% in third quarter boosted by construction of pulp mill

  

  Uruguay’s economy grew faster than economists expected in the third quarter, spurred by increased construction, transportation and communications activity. GDP expanded 3% from a year earlier, the central bank said on Thursday on its website. The economy grew 1.2 percent from the second quarter, the bank said.

• Friday, December 14th 2012 - 04:55 UTC

  World’s largest pulp and forestry complex begins operation in south Brazil

  

  Brazilian group JBS-Friboi, a leading global exporter of meat products, has inaugurated an industrial complex for pulp production with an investment of 6.2 billion Reais (approx 3 billion dollars).

• Friday, September 30th 2011 - 06:13 UTC

  Chilean/Swedish group ensure 1.35billion dollars to finance pulp plant in Uruguay

  

  The Chilean group Arauco, an affiliate of the pulp and paper Copec Enterprises announced on Thursday that together with its European partner they had subscribed 1.354 billion dollars in loans for the construction of a pulp plant in Uruguay.

• Wednesday, August 3rd 2011 - 22:02 UTC

  Uruguay’s second pulp project receives 200 million loan from IDB

  

  The Inter-American Development Bank (IDB) approved a 200 million dollars loan for Uruguay’s second major pulp mill investment, Celulosa y Energía Punta Pereira S.A. and Zona Franca Punta Pereira S.A., belonging to the Montes del Plata Group.

• Monday, August 1st 2011 - 22:47 UTC

  Record Foreign Direct Investment in Uruguay in 2010 with 2.35 billion dollars

  

  Foreign Direct Investment, FDI, in Uruguay was record in 2010 with 2.35 billion dollars (47.8% higher than in 2009) according to the latest report on global investment from the UN Conference on Trade and Development, UNCTAD. FDI represented 30.5% of total gross investment in Uruguay last year.

• Saturday, June 18th 2011 - 03:02 UTC

  Green light for construction of Uruguay’s second pulp mill

  

  The construction of Uruguay’s second pulp mill, which includes a power plant and port facilities have been authorized following the approval of the Montes del Plata environment policies.

• Thursday, May 26th 2011 - 19:53 UTC

  Construction of Uruguay’s second pulp mill begins with concern on costs in Pesos

  

  The scarcity of qualified labour and the increase in costs have become a growing concern for the pulp mill that Chilean and Scandinavian investors are building in Conchillas, Uruguay.