Announcement: US$2000 million will be invested in a cellulose plant in Corrientes and it is estimated that it will generate 13,000 jobs.

The confirmation of a US$2000 million investment by Arpulp SA, a company with national capital, for the installation of a fluff cellulose plant in Ituzaingó, Corrientes, represents one of the most relevant milestones for the Argentine forest industry in recent decades. According to the governor of the province, Juan Pablo Valdés, the future plant will generate around 13,000 new direct and indirect jobs and will have a projected capacity of 800,000 tons annually. He said that this will position the plant among the largest in the world in its type and that this sends a clear signal to the world: "Argentina has real conditions to attract large-scale investments in the forest economy." From giant to bankruptcy filing: the long collapse of SanCor after decades of crisis, sales, and failed rescues For the Argentine Forest Industry Council (Confiar), this announcement is a "strategic news that validates the positive expectations supported by the exceptional conditions of the country in ...