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Messure et traçabilité du bois
By acquiring FSC-certified land and plantations, Forestal Rio de los Pajaros (a subsidiary of Otegui Group) is strengthening the development of the timber industry and promoting responsible forest management in Uruguay.
Client presentation
Forestal Rio de los Pajaros (FRP) is a Uruguayan logging owned by Otegui Group. The Otegui forestry group exploits and processes timber (mainly eucalyptus), and also produces electricity via a cogeneration unit (biomass).
Project description
Proparco’s financing will allow Forestal Rio de los Pajaros (FRP) to acquire land and FSC-certified (Forest Stewardship Council) forest plantations, a label which ensures sustainable forest management.
Project impact
This project will support the development of a sustainable timber industry and will strengthen a priority sector for Uruguay’s economy. It will also contribute to creating jobs in remote areas.
Date of signature of the project
Financing tool
14 413 969 Euros
Amount of funding
Loan of USD 17,5 M
Financing details
Forestal Rio de Los Parajos SA