US$2 Billion Montes del Plata Pulp Mill Begins Production In Uruguay

Patrick Archer agribusiness, competitiveness, foreign investment, technology, uruguay

Another important chapter in Uruguay’s rapid timber evolution began yesterday when the Montes del Plata pulp mill commenced production in Colonia. The state-of-the-art cellulose plant is the largest industrial project in Uruguay’s history and required an investment of six years and over US$2 billion. Montes del Plata is a joint venture between Chilean forestry company, Arauco, and Finnish pulp and …

Uruguay Forestry Will Soon Be Country’s Most Lucrative Agribusiness

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, uruguay

Uruguay forestry and related activities will soon generate more revenue for the national economy than the other two pillars of Uruguay agribusiness today: meat and soybeans. “Around The Corner”: Forestry As The Great Engine Of The National Economy is the headline of the El Observador analysis which features an interview with the Pedro Soust, the Director of the Forestry Division …

Moody’s Upgrades Uruguay Credit Rating To Baa2

Patrick Archer agribusiness, competitiveness, foreign investment, global rankings, real estate, tourism, uruguay, us companies

Uruguay achieved its highest credit rating in history today when Moody’s Investors Services upgraded its rating for Uruguay government bonds to Baa2 from Baa3 with a stable outlook. According to the official press release, Moody’s based the ratings upgrade on three main drivers: the strengthening of Uruguay’s credit profile with adequate buffers and a lower debt:GDP ratio, declining exposure to …

BASF Chooses Uruguay For New Financial Service Center

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, uruguay

BASF has chosen Uruguay as the destination for a new regional financial services center and plans to be fully operational in Montevideo’s World Trade Center by 2016. After spending a year looking for the perfect location to combine North and South America service centers, BASF (BAS.DE) chose Uruguay for its stability, transparency and skilled workforce. According to the company, “Montevideo was chosen as …

US$100 Million Grain Terminal Rising In The Port of Montevideo

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, uruguay

Construction of the largest and most modern grain terminal in Uruguay is underway in the Port of Montevideo, a US$100 million port project that will transform the way local producers export their grains and wood chips to the world. The new grain terminal, which is expected to begin operation in April 2015, will double the Port of Montevideo’s current capacity …