Lumin invests US$136 million in a new plywood mill in Uruguay

Lumin will invest ~US$ 136 million to build its third industrial plant in Uruguay, which is expected to increase the country’s 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 first quarter of 2023, with operations expected to commence the first quarter of 2026. The expansion is part of Lumin's strategy to capitalize on the growing global demand for sustainable timber products for the construction and furniture sectors ...