The Mexico City-based firm has now confirmed the plant in Tabasco state will have a 200,000m3/year capacity – bigger than the 155,000m3/year first reported – and is due to begin producing panels by Q3, 2015.
Proteak Uno reports it has now completed a US$30.5m deal to acquire Forestaciones Operativas de Mexico SA de CV, (FOMEX), the national forestry business of Mexican industrial conglomerate Grupo Kuo.
This gives Proteak forestry assets including over 8,000ha of eucalypt plantations in Mexico’s southern states of Tabasco, Oaxaca and Veracruz near the proposed MDF unit at Huimanguillo in Tabasco.
The company is behind one of three MDF plant projects currently planned for Mexico.
Proteak Uno announced a capital increase through the issue of more than 80 million ordinary shares raising US$75m to help finance development including the MDF project. It raised US$2.1m selling two acacia forest holdings in Costa Rica.
The firm has reorganised its management including the appointment of Omar Nacif as deputy general manager responsible for the MDF project.
Proteak Uno has also announced Dieffenbacher is to supply the MDF line that it plans for Huimanguillo in Tabasco state, Mexico. It said the supplier will run the line jointly with Proteak for the first 18 months of its operation starting in 2015.
