PARAGUAY — Paracel has begun construction on the industrial development hub and infrastructure for the pulp mill, with the groundbreaking ceremony held at the plant site in the Paso Horqueta district, marking a national milestone and solidifying the largest private investment in Paraguay’s history. …The project was financed by the Inter-American Development Bank (IDB) with an investment of USD 165 million. The project includes the construction of key assets such as a port and river terminal, electricity transmission lines, access roads, and logistical infrastructure for the company’s pulp mill. ‍…Flavio Deganutti, CEO, stated: “Paraguay’s first pulp mill… will transform the eucalyptus we have already planted into the raw material of the future.” …Grupo Sudati is making a significant investment in expanding the region’s forest base… over 30,000 additional hectares will be planted, further strengthening the region’s productive base. Sudati is Brazil’s largest manufacturer and exporter of plywood.