Uruguay Forestry Will Soon Be Country’s Most Lucrative Agribusiness

[soliloquy id=”20164″] 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 …

Moody’s Upgrades Uruguay Credit Rating To Baa2

[soliloquy id=”19964″] 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 …

BASF Chooses Uruguay For New Financial Service Center

[soliloquy id=”19922″] 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 …

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

[soliloquy id=”19868″] 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 …

Chile’s Cambium To Acquire 33,000 Hectares Of Uruguay Timberland

[soliloquy id=”19653″] Cambium S.A., a leading forestry company which manages over 180,000 hectares (445,000 acres) of timberland in Chile and Uruguay, is planning to acquire an additional 33,000 hectares (81,500 acres) of Uruguay timberland in the Departments of Cerro Largo and Treinta y Tres. Fundraising for the Uruguay timberland acquisition will be managed by Holland’s TMF Group which plans to …