MEXICO – Proteak today announced it has signed a cooperation agreement with Spain’s Financiera Maderera S.A. (Finsa). The agreement includes the joint operation of the Proteak MDF plant, technology transfer and the commercialization of Finsa products in Mexico.

With over 80 years of experience, Finsa is the largest Spanish producer of boards and operates 12 factories in Europe. It has 2,750 employees and annual sales of USD 1 billion. Meanwhile Proteak is the largest forest-industrial company in Mexico and Central America. With 18,000 hectares of plantations in Mexico, Costa Rica and Colombia, Proteak exports its products to more than 15 destinations in the Americas, Europe and Asia.

“We are very proud of this alliance with a world class producer with so much experience,” said Hector Bonilla, Chairman of Proteak. “The participation of Finsa again validates the strength of our MDF project and of Proteak as a solid company,” he added. The Proteak MDF plant will be the first to produce this type of boards in Mexico. Projected to be operational in the second half of this year, it will have a production capacity of 280,000 m3 / year and will require an investment of over USD 200 million that includes German technology provided by Dieffenbacher (1).

“This alliance will significantly shorten the learning curve representing any new project, ensuring cost efficiency, quality and volume of production,” said Omar Nacif, Deputy General Director of Boards in Proteak.

The extensive international experience Finsa, its high quality standards and adherence to strict social and environmental guidelines will be a valuable factor in the successful development of the Proteak MDF project. “We find it very exciting to contribute to what we consider, at present, the most interesting project of our industry in Central America, and it is particularly satisfying to have the opportunity to be present in a country with so many much affinities and potential as Mexico” said Santiago García Valiño, CEO of FINSA.

(1) Corrected on 27.01.2015. On the original publication we erroneously informed the name of the project’s supplier.