Billion-Dollar Pulp Mill Transforms Quiet Corner Of Uruguay

Patrick Archer agribusiness, foreign investment, real estate, uruguay

It won’t officially open for a few more months, but a the Montes del Plata pulp mill is already changing lives, incomes and expectations in a once-quiet corner of Uruguay. Montes del Plata is investing a reported US$1.9 billion on the state-of-the-art facility in Conchillas, and the spillover effects from the mill’s construction have been felt throughout Colonia. Local salaries …

After Two Decades, US Opens The Door For Uruguay Citrus

Patrick Archer agribusiness, competitiveness, real estate, uruguay

July 9, 2013 will be remembered as a day of important victories for two teams in Uruguay: the Under-20 Football squad that beat Iraq to advance to the World Cup Finals, and the 15,000 Uruguay families who depend on citrus farming for their livelihood. Twenty years of negotiations between Uruguay and the US ended Tuesday with word that the US …

Boston’s GMO Uruguay Timberland Investment Worth $140 Million

Patrick Archer agribusiness, foreign investment, real estate, us companies

Boston-based global investment management firm, GMO, is making a significant long-term investment in Uruguay with one of the country’s largest timberland acquisitions in recent years. GMO acquired the land from Chile-based Arauco, and the deal encompasses over 110,000 acres (45,000 hectares) spread across 141 parcels in the Rivera and Tacuarembo departments of northern Uruguay, according to El Pais’ Fabian Tiscornia. Arauco …

NYC Investors Acquire Major Mendoza Real Estate Development

Patrick Archer agribusiness, lifestyle, real estate, us companies, visionaries, wine & vineyards

A high-profile residential vineyard development south of Mendoza City just received a major boost of cash and confidence from a large New York shareholder who is taking control of the entire development. Manhattan-based real estate developers Youngwoo & Associates (YWA) are taking over the 2,000-acre Santa Maria de los Andes (SMdlA) project in Agrelo, a gorgeous Mendoza terroir with breathtaking views of the …

Mendoza Produced 69% Of Argentina’s Wine Harvest

Patrick Archer agribusiness, aruba, lifestyle, real estate, wine & vineyards

2013 was a good year for Mendoza vineyards, as production surged back to historical levels following a disappointing 2012. The 2013 Argentina wine harvest resulted in 28.51 million quintals (100 kilograms) of grapes, a 28% increase over the 22.30 million quintals harvested in 2012, according to Cronista. The 2013 rebound was something to celebrate following the 2012 harvest which was …