Arauco’s investment programme in Mexico is encountering further setbacks, with the company confirming fresh delays to both its panel production expansion and related downstream capacity upgrades. The MDF/HDF project at Zitácuaro—initially scheduled for completion around mid-2025—has progressed more slowly than planned. Assembly of the main MDF/HDF line began only recently, and the short-cycle press has just entered the start-up phase. The investment, first announced in 2022 at approximately USD 235 million, is now expected to come online in 2026. The broader “Viking 2.0 Project,” valued at USD 290 ...
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