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Forestal Oriental recognised for its export activities

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Botnia's subsidiary specializing in forestry operations and responsible for the
wood procurement to the Fray Bentos mill was recognised as the "Major exporter
of the year 2007" and also won the award for the most "Dynamic exporter of the
year 2007" in the annual competition promoted by the Banco de la República
Oriental del Uruguay and the Uruguayan Union of Exporters. 

During the last years Forestal Oriental has been developing its operations to
meet the 3.5 million cubic metres wood demand of the Botnia Fray Bentos mill.
In preparation for the required capacity of harvesting and logistics Forestal
Oriental had to recruit and train operators and ensure necessary equipment and
support services were in place at the right time. 

Until the mill start up this resource development was facilitated by export
wood sales. In 2006, Forestal Oriental did not rank in the top 30 exporters in
Uruguay, but in 2007 the company catapulted from export sales of USD 26 million
to USD 107 million (316% growth) - becoming the fifth largest exporter in
Uruguay and responsible for 2.3% of total country exports. 

Naturally, when the Fray Bentos mill is in full production, the export volumes
of Forestal Oriental will fall as wood is directed to be used in the mill, but
the awards are a first formal public appreciation of the substantial economic
benefits that will flow from the start-up of the Fray Bentos mill. Also, the
company is expected to continue to export significant quantities in 2008 and
beyond from locations not suited to supply the mill. 





                                            

                

            

        

    

    



    

        
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