Proteak secures financing for growth of its subsidiary Tecnotabla

Dec 19, 2016 | Board Manufacturers | 0 comments

MEXICO – Proteak Uno, S.A.B. de C.V., a Mexican Company leader in the international Forestry sector, secured resources for MXP 100 million for its board business unit Tecnotabla. 

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The resources were obtained through a loan sobscribed with Multiva Bank and will be used to finance the working capital required by the rapid growth of Tecnotabla.

The Managing Director of Banco Multiva, Carlos Soto Manzo, said “the funding provided by Banco Multiva S.A. to Proteak, shows the confidence and support that is offered to the agricultural and forestry sector, mainly to this business group that has demonstrated to be at the forefront in technology and environmental sustainability, and generating alliances with small producers in the region, making it clear that the forestry sector in Mexico is a profitable and future-oriented business.” Gaston Mauvezin, Managing Director of Proteak highlighted the understanding and commitment that Multiva has shown for the sector, which combined with a direct treatment has made things flow naturally.

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