Chilean forestry group Masisa, one of Latin America’s largest wood panel manufacturers, is strengthening its business in Mexico, and may be willing to invest more in Argentina, the company’s president said on Monday.
The company expects to start up a new plant in Durango, Mexico, with an annual production of 240,000 cubic meters in a month's time, Masisa President Roberto Salas said.
Salas added that the company was also monitoring developments in Argentina, where recently elected President Mauricio Macri has initiated a string of business-friendly reforms and Masisa owns 47,639 hectares of forest and one plant.
“We must still be cautious. We’re going to wait until the end of the year to see how things are going ... we would be willing to increase investments once we see the (economic reform) process taking shape,” he said.
Date: May 18, 2016