Sep 12, 2007. /Lesprom Network/. Masisa is evaluating the possibility of building its third plant in Brazil in the city of Montenegro, Rio Grande do Sul. This plant is expected to become the company's first particleboard plant in Brazil. "Masisa has decided, subject to board approval, to build a particleboard plant, which is a modification to the original MDF project the company was planning to carry out in Brazil that had been previously announced to the market. Supply and demand studies made by Masisa led us to decide on installing a particleboard line instead of the construction of an MDF line that we had been studying for over a year," said Enrique Cibié, Masisa´s CEO. The project of approximately $119 million is currently under review by Masisa's board. The new particleboard line would have a production capacity of 550 000 cubic meters and is expected to generate around 200 direct jobs. Masisa Brazil would complete its product mix with the production of particleboard, and would therefore make the full offering of wood panels now produced by the company in Brazil. Masisa is the leading furniture and interior architecture board production and marketing company in Latin America. It has forest assets throughout most of the region, thereby guaranteeing the raw material for the board business. The company has 13 productive plants in Chile, Argentina, Brazil, Venezuela and Mexico. It is currently building an MDF plant at Cabrero in Chile, which will have a capacity of 340 000 cubic meters a year and will be the company's largest MDF plant in Latin America and will mainly supply the foreign market. Masisa is a publicly-traded company and its shares are traded on the Santiago Stock Exchange and the New York Stock Exchange by means of ADRs. The company had total sales of $886.5 million in 2006.