Noticias

Buenos Aires, December 27, 2022. Central Puerto acquired forestry assets from Grupo Masisa in Argentina, a forestry business company. This operation for 70 million dollars represents the largest transaction in the forestry sector in the last 30 years in our country. In this way, Central Puerto becomes the main Argentine company in the forestry sector, a market in which mostly mining companies operate. foreign capitals.

“At Central Puerto we have made the strategic decision to invest in all those industries in which the country has clear comparative advantages. Thus, we are pleased to announce the acquisition of Masisa’s forestry assets in Argentina,” stated Fernando Bonnet, general manager of Central Puerto.

In turn, Bonnet added: “We are analyzing investment alternatives aligned with the global trend of developing innovative projects that increase the environmental performance of companies and contribute to global decarbonization objectives.”

The acquisition of Masisa Argentina’s forestry assets involves the incorporation of more than 72,000 hectares of fields with forestry potential, distributed between the provinces of Entre Ríos and Corrientes, of which approximately 43,000 hectares are planted with eucalyptus and pine.

Argentina has one of the highest growth rates not only in the region, but in the world: trees grow approximately ten times faster than in the northern hemisphere. That is why the forestry sector in which Central Puerto enters provides one of the businesses with the greatest competitive advantages and greatest growth potential as a generator of foreign currency in Argentina. It can also mean a source of future business opportunities linked to carbon credits and biomass energy generation.

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