Lumin to invest $136 million in new plywood mill in Uruguay

Lumin, a leading timberland, and forest products company, will invest approx. US$ 136 million to build its third industrial plant in Uruguay, which is expected to create more than 300 jobs and significantly increase the country’s sustainable plywood production. Following approval by Lumin’s Board of Directors, which includes representatives of the BTG Pactual Timberland Investment Group (TIG) and British Columbia Investment Management Corporation (BCI), construction of the new plant will begin in the Q1 2023, with operations expected to commence the Q1 2026.