IDB Invest, Masisa promote Chile’s Circular Economy & Digitalization
IDB Invest is providing $35 million worth of financing to Chile’s Masisa, a company that produces and sells solutions for furniture and interior architecture, with industrial operations in Chile y Mexico and export markets across Latin America, North America and Asia .
The funds will be used to finance the company's capital investment plan for the launch of new molding lines and the purchase of equipment and technology to increase its productivity. In addition, IDB Invest will provide advisory services on corporate sustainability, in order to identify and size up circular economy opportunities.
This transaction will support Masisa in its goal of reducing particulate matter and CO2 emissions. Additionally, Masisa expects to make investments in energy efficiency and circular economy that will also contribute to reducing its CO2 emissions.
On the other hand, Masisa will continue to develop its digital sales channels, which will help improve the services it offers its customers. It also expects to provide training to vendors and furniture makers and install a production center for custom furniture, offering individualized products according to customer needs.
This transaction is expected to contribute to four United Nations Sustainable Development Goals (SDGs): Decent work and economic growth (SDG 8), Industry, innovation and infrastructure (SDG 9), Responsible production and consumption (SDG 12) and Partnerships to achieve the goals (SDG 17).
About IDB Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $13.1 billion in asset management and 385 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.
Masisa is an international company based in Chile, focused on the development of solutions for furniture and interior spaces, sawn wood and moldings in the Americas, which also has production capacities that complement its value offer. It has a commercial presence throughout the North American and Latin American continent, industrial operations in Chile and Mexico, forests in Argentina, and commercial offices in Peru, Ecuador, Colombia and the United States; from where it seeks to transform the spaces of its clients. It also owns Placacentro, the largest network of specialized stores in the Region.