Maderera Boliviana Etienne S.A.

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MABET's expansion project ("the Project") is intended to increase and diversify the plant's productive capacity, as well as to augment the production capacity of sawn lumber from Pacahuaras. The expansion will enable a 42% increase in production of exterior doors, from 38,000 units to 54,000 units per year, and will also expand the range of products offered. The production of interior doors, is proposed to increase from 10,000 units per year to 30,000 units per year in year four of the project. Planks and parquet flooring, production will triple to 60,000 sq. m per year in year 4 of the project. There is already an established demand for these products. As a byproduct of the expansion, MABET's productive capacity for seasoned wood, the main bottleneck to the company's growth, will increase by 85%. This means that annual access to dry wood will rise from 3,400,000 sq. ft to 6,300,000 sq. ft. The total project cost is estimated at US$7.3 million, of which the IIC would fund up to US$3.5 million.