Ledincor S.A.

The IIC loan of up to US$5.2 million would be used primarily to finance the purchase of cranes, trailers, and tractors, and to fund working capital needs during the preoperational phase.



Ledincor and Lidelir are two companies that will provide logistical services at the log storage yards of the Montes del Plata project’s M’Bopicuá logistics terminal in Río Negro Department and at its Punta Pereira terminal in Colonia Department. The companies will provide services under 7-year service agreements for managing and operating log storage yards beginning in January 2013.

The Montes del Plata project involves the construction of a cellulose pulp mill for processing eucalyptus from commercial tree farms. It includes the construction and operation of a cellulose pulp mill that will produce some 1.3 million metric tons of cellulose per year; a 160-megawatt biomass power generation facility; a river port terminal; barge terminals with log storage yards; and a wood chipping plant. The cellulose plant will employ elemental chlorine free (ECF) technology and will be built in the Zona Franca Punta Pereira S.A., approximately 190 kilometers west of Montevideo. The Montes del Plata project represents the largest foreign investment in Uruguay’s history. The Inter-American Development Bank (IDB) has approved the financing for the project and has already made partial disbursements.