In keeping with the company’s management strategy of its forestry assets, the company acquires what is needed for its operations and sells what is non essential when conditions are beneficial. This transaction refers to plots located farther away from the company’s production facilities.
The plots sold account for approximately 1% of Arauco’s total forestland. The operation includes a contract establishing the general terms and conditions of their sale and an options contract for the purchase and sale of pulp log volume sourced from these plots.
Based in Santiago Chile, Arauco, a global leader in the development of sustainable forest products, manufactures a wide range of composite and thermally fused laminate panels, plywood, millwork, lumber and pulp that are procured from company-owned and managed forests throughout South America.
