About Us
Lumin is owned by a consortium of long-term institutional investors, including BTG Pactual's Timberland Investment Group (TIG) and British Columbia Investment Management Corporation (BCI).
With more than 20 years of operation, LUMIN® is one of the leading timberlands and forest products companies in Uruguay. Today, our business includes 128,000 hectares of timberlands in North Eastern and North Central Uruguay, as well as a clonal seedling nursery, a co-generation facility, and a state-of-the-art plywood and veneer manufacturing facility. We directly employ over 830 staff who make up teams across Tacuarembó, Rivera, Cerro Largo, Treinta y Tres and Montevideo.
In September 2017, a consortium led by BTG Pactual Timberland Investment Group (TIG) acquired Weyerhaeuser's forest land in Uruguay and its plywood manufacturing plant.
About Timber Investment Group
TIG is one of the oldest and largest forestry investment management organizations. With their primary locations in the United States and Latin America, it dates back to 1981 and has nearly $5.2 billion in managed assets.
TIG has a combined experience of more than 1000 years in investment, agribusiness and forest management. It is focused on sustainable forestry practices, maintaining productive and respectful relationships with local communities, and labor and tax law in the regions in which it invests.
With 3 million acres under management, TIG is committed to investing sustainably and believes that by applying high environmental and social standards, it can achieve strong investment returns. TIG and its parent company, BTG Pactual, have operated under the United Nations Principles for Responsible Investment (PRI) since 2015. TIG properties have been third-party certified under the Forest Stewardship Council® (FSC-C002169) and the Program for the Recognition of Forest Certification™ (PEFC).
For additional information about TIG, visit http://www.timberlandinvestmentgroup.com
About British Columbia Investment Management Corporation (BCI)
BCI, which is part of the consortium, is among Canada's largest institutional investors, with $211.1 billion under management as of March 31, 2022. With its headquarters in Victoria, British Columbia, and offices in Vancouver and New York, BCI invests in fixed income and private debt, public and private capital, infrastructure and renewable resources, as well as real estate equity and debt through its independently-operated platform company, QuadReal Property Group.
BCI seeks investment opportunities that transform savings into productive investments, meeting their clients' risk and ROI requirements. To this end, BCI integrates long-term ESG strategies into investment decisions and activities. BCI's clients include pension plans, insurance funds and special purpose funds in British Columbia's public sector.
For more information visit WWW.BCI.CA
Our Forests
Our sustainably managed forests are made up of pine and eucalyptus trees and produce high-quality wood products. Our business is inspired by the desire to guarantee a trustworthy supply of wood-products from responsible and sustainable sources delivered to our clients at national, regional and global level.
What makes our business really special is our approach to forest management, including clonal technology in Tacuarembó - this is where the process starts.Here we create the best quality seedlings which supply the raw material for the manufacturing of our products.
Manufacturing
We have two state of the art plywood manufacturing plants which have benefited from continued investment over the last few years, utilising cutting edge technology to drive efficiencies and minimise environmental impact.
We also have a dedicated 10MW energy plant that produces steam and electricity from to make our operation 100% energy self-sufficient.
