Analysis: Why Chile’s major forestry companies are going to Brazil

Brazil has 497 million hectares, or 12% of the world's forest area, second only to Russia. Brazil has 27 times more forest than Chile, with 18 million hectares, according to a 2021 FAO report by Arauco.

RIO DE JANEIRO, BRAZIL - They've been there for years. But in the last 12 months, forestry companies have stepped up their offensive. Late last year, CMPC completed its divisions in this market, acquiring Iguaçu's bio packaging assets for US$170 million.

Before that, it had added the Guaíba pulp mill and Melhoramentos Papeis to the tissue business. It has been in operation since 2009.

Last week, Arauco followed suit . . .

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