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paracel

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Infrastructure - May 21, 2026, 6:37 AM

Peña announces mega forestry industrial project in northern Paraguay

President Santiago Peña announced the start of construction of the largest forestry industrial hub in Paraguay's history, in Paso Horqueta, Concepción, with investments from Paracel and Brazil's Sudati, expected to generate more than 7,000 direct jobs.

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Infrastructure - May 21, 2026, 5:27 AM

Paracel Begins Construction of Paraguay's First Pulp Mill, Attracting US$ 215 Million in Brazilian Investment

Paracel has started infrastructure work for an industrial development hub in Paso Horqueta, marking the construction of the country's first pulp mill. The project, financed by the IDB with US$ 165 million, includes a port, transmission lines, and access roads. Brazil's Grupo Sudati will invest US$ 215 million in a plywood unit, generating over 2,000 jobs.

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Infrastructure - May 20, 2026, 5:23 PM

Peña defends Singapore model and attacks critics during pulp mill inauguration

President Santiago Peña stated that Paraguay is following Singapore's path, with low taxes generating investments and jobs, during the groundbreaking ceremony for the Paracel pulp mill in Paso Horqueta, Concepción. He also criticized those who doubt the project and paid tribute to former President Juan Carlos Wasmosy.

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