Rio Branco, Brazil, 16 Jan – Universal Timber, a company owned by Chinese investors, has decided to set up its headquarters in brazil in the state of Acre and the facilities are due to be ready by next May in the city of Sena Madureira, the state’s news agency reported.
According to the agency, the company plans to invest 40 million reals in the state, specifically on its production unit in the city of Feijó, in order to make use of the resources from two logging areas acquired in 2009.
The company decided to set itself up in Feijó after being certain that the region would be supplied by a power transmission line, which makes industrial operations possible.
Universal Timber also has investments in the Brazilian states of Pará and Rondónia. (macauhub)