Landmark Land Deal: Japanese Firm's Major Move in Uruguay
By
Juan Martinez
June 17, 2024
Oji Holding Corporation, a Japanese pulp market giant, acquired 41,289 hectares in Uruguay.
The deal, worth nearly $300 million, sparked debates about a potential new pulp mill.
This single-payment transaction, totaling $287,598,326, marks one of the largest land purchases in the region.
Details include $140 million for the land and $148 million for forested areas.
The news, first reported in Montevideo’s “Agro de Búsqueda,” was confirmed by the National Institute of Colonization.
Speculation arose in May, with environmental groups suggesting a new pulp mill.
Oji Holding, owning 603,000 hectares globally, operates a significant pulp and paper mill in Brazil.
More:
https://www.riotimesonline.com/landmark-land-deal-japanese-firms-major-move-in-uruguay/
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Oji Holdings acquires forest plantation in Uruguay for $288 million
Image: Oji Holdings Corporation
Oji Holdings Corporation announces the establishment of Oji Uruguay Forest Company S.A.S. (OUFC) in Uruguay and signing of an asset transfer agreement with The Rohatyn Group, a US asset manager, to acquire forest plantation in the Tacuarembo and Rivera departments in the northern part of the country for $288 million.
OUFC has also received approval from the Ministry of Livestock, Agriculture and Fisheries and the President's Office of Uruguay to become the owner of the forest plantation.
Under its Environmental Action Program 2030, Oji has set a target of reducing greenhouse gas (GHG) emissions by 70% in FY 2030 compared to FY 2018. As part of its efforts to achieve this goal, Oji is expanding its forest plantation in Japan and overseas. Oji's target is to expand the area of its overseas production forests from 279.000 ha in FY 2022 to 400.000 ha by FY 2030. The acquisition of forest plantation in Uruguay will increase the total area by approximately 41.000 ha.
https://www.lesprom.com/en/news/Oji_Holdings_acquires_forest_plantation_in_Uruguay_for_288_million_113278/
03:09 PM / May 20, 2024
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MARCH 03, 2020
THE END OF LEFT-WING ERA IN URUGUAY WITH LUIS LACALLE POU
Unemployment has been decreasing from 2005 to 2012, and since then the curve is ascendent.
Seeing all these numbers can lead one to compare Uruguay to Brazil. Indeed, the situations are comparable: a long period of leftist governments, millions out of poverty, an economic boom which has been recently declining and a society susceptible to speech promising changes for better.
Similarly as Brazil for the two past years, economic development and public security are priorities to the new government of Uruguay. For these purposes, the president finds in the United States of Donald Trump an important ally: even before the mandate inauguration, Lacalle Pou met the Under Secretary of State for Political Affairs, Mr David Hale, to discuss "the strong US-Uruguay partnership and steps to strengthen our promotion of democracy, economic growth and security for our countries and the region”, as tweeted the US Department of State. One more time, here we can find similarities to Brazil, as Jair Bolsonaro has been discussing with Trump economic partnerships and even changed Visa requirements for Americans.
Locally, the strategy is to change policies as soon as possible. One of the very first acts will be the Urgent Bill, which proposes many changes in areas such as public security, education, economic and public companies, labour relations and social security, among others. Lacalle Pou justified it, saying that “in Uruguay there are things to be done urgently”, and that waiting for a regular bill is not possible.
More:
https://www.fairplanet.org/editors-pick/the-end-of-left-wing-era-in-uruguay-with-luis-lacalle-pou/
"Doin' a heckuva job, Pou.
Too much clean air and water is bad for you. "