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Proteak

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uuid003ifvn

Namestring
Proteak
Legal namestring
Proteak UNO, S.A.B. de C.V.
Websiteurl
proteak.com
Company typeenum
Public
Founded yearint
2000
Descriptiontext

Proteak UNO, S.A.B. de C.V. (BMV: TEAK CPO) is a Mexican, vertically integrated forestry-industrial company founded in 2000. The firm operates two primary business segments: Teca, the export of FSC-certified plantation teak logs to Asian, North American, and other international markets, and Tecnotabla, the manufacture of medium density fiberboard (MDF) and melamine panels in southeastern Mexico. The company controls the full production cycle from its own hydroponic nurseries using genetic selection and cloning technology, through eucalyptus and teak plantations totaling over 8,000 hectares, into a 260,000 m³-capacity MDF plant supported by a 12.9 MW on-site power generation facility.

The vertically integrated stack centers on three proprietary elements: state-of-the-art hydroponic clone nurseries in Tabasco that propagate selected genetic material, extensive eucalyptus and teak plantations supplying 100% of MDF raw material internally, and Dieffenbacher-supplied MDF production technology. Log traceability is enforced by an internal HIF (Harvesting, Inventory and Fulfillment) information system that assigns a barcode to every log, enabling tree-level commercial valuation. FSC Forest Management and Chain of Custody certifications, plus IFC Environmental and Social Sustainability compliance, underpin market access for sustainability-conscious buyers.

Revenue mechanics rely on a direct enterprise sales force serving two channels: B2B export of plantation teak logs — concentrated in India (80%), China (10%), Vietnam (5%), and domestic/North American buyers (5%) — and B2B sales of Tecnotabla MDF panels into the Mexican and US construction and furniture industries. Pricing is quote-based and not publicly disclosed. The firm has also begun a voluntary Fresh Breeze carbon credit certification initiative and pursues design-led demand through residential furniture collaborations with Mexican studios. Reported operating status remains active, though 2025 Mexican Concurso Mercantil proceedings and Sentencias de Quiebra for Proteak Uno, Pro MDF, and FOMEX signal severe financial distress.

Short descriptiontext

Proteak UNO is a vertically integrated Mexican forestry-industrial company that owns teak and eucalyptus plantations, runs a 260,000 m³ MDF plant, and exports plantation teak logs primarily to Asian furniture manufacturers.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersMexico City, Mexico
HQ citystring
Mexico City
HQ countrystring
Mexico
HQ regionstring
Latin America
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
plantation teak timber, medium density fiberboard, melamine panels manufacturing, sustainable forestry products, FSC certified wood
Industry3 codes
1Forest Nurseries & Tree Seedling Production
CodeIMAMAAACPrimaryYes
2Vegetative Propagation (Cuttings, Clonal Forestry, Tissue Culture)
CodeAFAMADAEPrimaryNo
3Sustainable Forest Certification & Chain-of-Custody Services (FSC/PEFC/SFI)
CodeIMAMAJAJPrimaryNo
NAICS code3 codes
  • Forest Nurseries and Gathering of Forest Products11321
  • Wood Product Manufacturing321
  • Support Activities for Forestry1153
SIC code3 codes
  • Forestry800
  • Lumber & Wood Products (No Furniture)2400
  • Millwood, Veneer, Plywood, & Structural Wood Members2430
Product category
Engineered Wood Products
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model3 records
1Teak Timber Exports
TypeOne Time License
Description

Export of plantation-grown teak logs to international markets, primarily Asia (India 80%, China 10%, Vietnam 5%). Each log is barcoded for traceability. Sistema de cadena de suministro for logistics and custody chain.

proteak.com
2MDF and Melamina Boards (Tecnotabla)
TypeHardware Sales
Description

Manufacturing and sale of Medium Density Fiberboard (MDF) panels and melamine products. Capacity of 260,000 m3 per year. 100% sustainable raw material from owned eucalyptus plantations.

proteak.com
3Carbon Credits (Fresh Breeze Program)
TypeData Monetisation
Description

Voluntary carbon credit certification process. Carbon sequestration from forest plantations contributes to climate change mitigation.

proteak.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Pricing details1 tier
1B2B sales through direct commercial force
ModelOtherBilling cadencePay-as-you-go
Notes

Quote-based pricing for teak logs and MDF boards. No public pricing available.

proteak.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 2 records shown
1Tecnotabla
Description

Manufacturer of specialized medium density fiberboard (MDF) panels with 100% sustainable raw material from renewable eucalyptus forest plantations, using state-of-the-art technology.

proteak.com
+1 more record
Core offering1 text field

Proteak is a vertically integrated forestry company that cultivates, harvests, and commercializes plantation teak logs (Teca) for export while manufacturing FSC-certified Medium Density Fiberboard (MDF) panels and melamine boards (Tecnotabla) from owned eucalyptus plantations. Operations span hydroponic nurseries with proprietary cloning technology, more than 11,000 hectares of plantations across Mexico and Latin America, a 260,000 m3/year MDF plant, and on-site power generation, supplying furniture manufacturers, construction companies, and design firms.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 260,000 m3 per year MDF production capacity
+2 more records
Product overview1 text field

Proteak is a vertically integrated Mexican forestry company operating two main business segments: (1) Teca (Teak) - plantation teak logs for international export, and (2) Tecnotabla - MDF panels from eucalyptus. The company controls the entire supply chain from nurseries and own plantations (5,344 Ha eucalyptus, 5,870+ Ha teak) through manufacturing (MDF plant with 260,000 m3 annual capacity, 12.9 MW power plant) to specialized commercial platforms. The products are complementary: Tecnotabla transforms eucalyptus into MDF panels while Teca exports teak logs, both sourced from FSC-certified plantation forests.

Product and service4 records
1Teca (Plantation Teak Logs)
CategoryPlantation Teak Timber
Description

Plantation-grown teak wood logs exported primarily to Asian markets (India, China, Vietnam) and to Mexico and the United States. Proteak is the third-largest teak producer in the world, with 5,870+ hectares of teak plantations in southeastern Mexico and exports to more than 15 ports worldwide. Each log is barcode-tracked under the HIF system for traceability and maximum value extraction, and the product line is FSC-certified.

2Tecnotabla MDF Panels
CategoryEngineered Wood Panels
Description

Medium Density Fiberboard (MDF) panels manufactured from 100% sustainable eucalyptus wood sourced from Proteak's own renewable forest plantations. Features FSC-certified raw materials and state-of-the-art Dieffenbacher manufacturing technology, serving the Mexican construction and furniture industries and exports to the United States.

3Tecnotabla Melamine Boards
CategoryEngineered Wood Panels
Description

Melamine-coated boards produced on the same Tecnotabla production line as MDF panels, serving Mexican and U.S. customers in construction, cabinetry, and furniture manufacturing.

4Fresh Breeze Carbon Credits Program
Scale indicator11 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2021-12-22
Description

Design collaboration partner for Vertice 2023 residential furniture collection featuring Mexican designers Los Patrones, Elsa Ga Estudio, RN Studio, and TANA KAREI. Products sold through Mōbica stores.

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2021-12-22
Description

Real estate developer partnering with Tecnotabla for the Vertice 2023 design collection.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2013-11-01
Description

German company that supplied machinery for the MDF plant. Dieffenbacher is a leading manufacturer of production lines for the wood industry. Plant construction began November 2013 with the first shipment of machinery arriving November 2014.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers8 records
TypeDirect peer
Description

Portuguese-headquartered producer of wood-based panels (MDF, particleboard, OSB) with operations across Europe, South Africa, and Latin America. Closely comparable to Proteak's MDF manufacturing profile and distribution into furniture industry customers.

TypeBroad incumbent
Description

Canadian integrated forestry company producing lumber, panels (MDF, plywood), pulp, and renewable energy. Comparable as a broad incumbent in integrated forestry-to-panel operations with on-site power generation like Proteak's 12.9 MW plant.

TypeDirect peer
Description

Swiss-listed sustainable forestry company operating tropical plantations in Brazil and Gabon producing FSC-certified timber. Highly comparable as a smaller global player in FSC-certified tropical plantation forestry with international export focus similar to Proteak's Teca segment.

TypeDirect peer
Description

Chilean-based manufacturer of MDF, particleboard, and melamine panels serving Latin American furniture and construction markets. Highly comparable as a vertically integrated wood products producer in Latin America serving similar furniture and construction end-customers.

TypeBroad incumbent
Description

Global MDF and wood-based panel manufacturer with extensive operations worldwide. Comparable at the MDF production level—same Dieffenbacher-class manufacturing technology and serves furniture/construction end markets like Tecnotabla.

TypeBroad incumbent
Description

Major Chilean forestry conglomerate producing pulp, lumber, plywood, MDF, and biomass with vast plantation estates. Broader incumbent comparable to Proteak in wood panels and sustainably certified plantation operations across Latin America.

TypeDirect peer
Description

Brazilian producer of MDF, engineered wood panels, and laminates with vertically integrated forestry operations. Closely comparable to Proteak given overlapping regional markets, MDF-focused product mix, and integrated forestry-to-panel supply chain.

TypeBroad incumbent
Description

Austrian family-owned producer of wood-based panels (MDF/HDF), laminates, and engineered wood products. Direct comparable on MDF manufacturing technology, end-customer base in furniture/construction, and FSC-certified raw material sourcing.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers8 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles11 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Proteak

Engineered Wood Productsproteak.com

Proteak UNO is a vertically integrated Mexican forestry-industrial company that owns teak and eucalyptus plantations, runs a 260,000 m³ MDF plant, and exports plantation teak logs primarily to Asian furniture manufacturers.

What Proteak does

Proteak UNO, S.A.B. de C.V. (BMV: TEAK CPO) is a Mexican, vertically integrated forestry-industrial company founded in 2000. The firm operates two primary business segments: Teca, the export of FSC-certified plantation teak logs to Asian, North American, and other international markets, and Tecnotabla, the manufacture of medium density fiberboard (MDF) and melamine panels in southeastern Mexico. The company controls the full production cycle from its own hydroponic nurseries using genetic selection and cloning technology, through eucalyptus and teak plantations totaling over 8,000 hectares, into a 260,000 m³-capacity MDF plant supported by a 12.9 MW on-site power generation facility.

The vertically integrated stack centers on three proprietary elements: state-of-the-art hydroponic clone nurseries in Tabasco that propagate selected genetic material, extensive eucalyptus and teak plantations supplying 100% of MDF raw material internally, and Dieffenbacher-supplied MDF production technology. Log traceability is enforced by an internal HIF (Harvesting, Inventory and Fulfillment) information system that assigns a barcode to every log, enabling tree-level commercial valuation. FSC Forest Management and Chain of Custody certifications, plus IFC Environmental and Social Sustainability compliance, underpin market access for sustainability-conscious buyers.

Revenue mechanics rely on a direct enterprise sales force serving two channels: B2B export of plantation teak logs — concentrated in India (80%), China (10%), Vietnam (5%), and domestic/North American buyers (5%) — and B2B sales of Tecnotabla MDF panels into the Mexican and US construction and furniture industries. Pricing is quote-based and not publicly disclosed. The firm has also begun a voluntary Fresh Breeze carbon credit certification initiative and pursues design-led demand through residential furniture collaborations with Mexican studios. Reported operating status remains active, though 2025 Mexican Concurso Mercantil proceedings and Sentencias de Quiebra for Proteak Uno, Pro MDF, and FOMEX signal severe financial distress.

Proteak firmographics

Firmographics
Name
Proteak
Legal name
Proteak UNO, S.A.B. de C.V.
Website
https://proteak.com
Company type
Public
Founded year
2000
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Proteak UNO is a vertically integrated Mexican forestry-industrial company that owns teak and eucalyptus plantations, runs a 260,000 m³ MDF plant, and exports plantation teak logs primarily to Asian furniture manufacturers.
Ownership category
akta.pro rank

Proteak industry classification

Industry
Product category
Engineered Wood Products
NAICS
Forest Nurseries and Gathering of Forest Products (11321), Wood Product Manufacturing (321), Support Activities for Forestry (1153)
SIC
Forestry (800), Lumber & Wood Products (No Furniture) (2400), Millwood, Veneer, Plywood, & Structural Wood Members (2430)
akta.pro primary industry
Forest Nurseries & Tree Seedling Production (IMAMAAAC)
akta.pro secondary industries
Vegetative Propagation (Cuttings, Clonal Forestry, Tissue Culture) (AFAMADAE), Sustainable Forest Certification & Chain-of-Custody Services (FSC/PEFC/SFI) (IMAMAJAJ)

Keywords

  • Plantation teak timber
  • Medium density fiberboard
  • Melamine panels manufacturing
  • Sustainable forestry products
  • FSC certified wood

Where Proteak is headquartered

Location

Headquarters

HQ city
Mexico City
HQ country
Mexico
HQ region
Latin America

Offices3 records

Markets served

Proteak business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Teak Timber Exports: Export of plantation-grown teak logs to international markets, primarily Asia (India 80%, China 10%, Vietnam 5%). Each log is barcoded for traceability. Sistema de cadena de suministro for logistics and custody chain.
  2. MDF and Melamina Boards (Tecnotabla): Manufacturing and sale of Medium Density Fiberboard (MDF) panels and melamine products. Capacity of 260,000 m3 per year. 100% sustainable raw material from owned eucalyptus plantations.
  3. Carbon Credits (Fresh Breeze Program): Voluntary carbon credit certification process. Carbon sequestration from forest plantations contributes to climate change mitigation.

Pricing tiers

ModelBillingPrice
OtherPay-as-you-goB2B sales through direct commercial force

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Proteak product offering

Product offering

Core offering

Proteak is a vertically integrated forestry company that cultivates, harvests, and commercializes plantation teak logs (Teca) for export while manufacturing FSC-certified Medium Density Fiberboard (MDF) panels and melamine boards (Tecnotabla) from owned eucalyptus plantations. Operations span hydroponic nurseries with proprietary cloning technology, more than 11,000 hectares of plantations across Mexico and Latin America, a 260,000 m3/year MDF plant, and on-site power generation, supplying furniture manufacturers, construction companies, and design firms.

Product overview

Proteak is a vertically integrated Mexican forestry company operating two main business segments: (1) Teca (Teak) - plantation teak logs for international export, and (2) Tecnotabla - MDF panels from eucalyptus. The company controls the entire supply chain from nurseries and own plantations (5,344 Ha eucalyptus, 5,870+ Ha teak) through manufacturing (MDF plant with 260,000 m3 annual capacity, 12.9 MW power plant) to specialized commercial platforms. The products are complementary: Tecnotabla transforms eucalyptus into MDF panels while Teca exports teak logs, both sourced from FSC-certified plantation forests.

Differentiator

Problem solved

Functional benefit

Brands

  • Tecnotabla: Manufacturer of specialized medium density fiberboard (MDF) panels with 100% sustainable raw material from renewable eucalyptus forest plantations, using state-of-the-art technology.
  • Teca

Products and services

  • Teca (Plantation Teak Logs) Plantation-grown teak wood logs exported primarily to Asian markets (India, China, Vietnam) and to Mexico and the United States. Proteak is the third-largest teak producer in the world, with 5,870+ hectares of teak plantations in southeastern Mexico and exports to more than 15 ports worldwide. Each log is barcode-tracked under the HIF system for traceability and maximum value extraction, and the product line is FSC-certified.
  • Tecnotabla MDF Panels Medium Density Fiberboard (MDF) panels manufactured from 100% sustainable eucalyptus wood sourced from Proteak's own renewable forest plantations. Features FSC-certified raw materials and state-of-the-art Dieffenbacher manufacturing technology, serving the Mexican construction and furniture industries and exports to the United States.
  • Tecnotabla Melamine Boards Melamine-coated boards produced on the same Tecnotabla production line as MDF panels, serving Mexican and U.S. customers in construction, cabinetry, and furniture manufacturing.
  • Fresh Breeze Carbon Credits Program

Quantifiable outcome

  • 260,000 m3 per year MDF production capacity
  • +2 more outcomes

Companies that use Proteak

Customer profile

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Proteak technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Proteak partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered minor and core.

  • MōbicaminorStrategic or Co-development Partner · 22 December 2021Design collaboration partner for Vertice 2023 residential furniture collection featuring Mexican designers Los Patrones, Elsa Ga Estudio, RN Studio, and TANA KAREI. Products sold through Mōbica stores.
  • Casa de las LomasminorStrategic or Co-development Partner · 22 December 2021Real estate developer partnering with Tecnotabla for the Vertice 2023 design collection.
  • DieffenbachercoreTechnology or Integration · 1 November 2013German company that supplied machinery for the MDF plant. Dieffenbacher is a leading manufacturer of production lines for the wood industry. Plant construction began November 2013 with the first shipment of machinery arriving November 2014.

Scale indicators11 records

Recent moves8 records

Expansion highlights4 records

Proteak competitors and assessment

Company assessment

Direct peers

  • Sonae Arauco: Portuguese-headquartered producer of wood-based panels (MDF, particleboard, OSB) with operations across Europe, South Africa, and Latin America. Closely comparable to Proteak's MDF manufacturing profile and distribution into furniture industry customers.
  • Precious Woods: Swiss-listed sustainable forestry company operating tropical plantations in Brazil and Gabon producing FSC-certified timber. Highly comparable as a smaller global player in FSC-certified tropical plantation forestry with international export focus similar to Proteak's Teca segment.
  • Masisa: Chilean-based manufacturer of MDF, particleboard, and melamine panels serving Latin American furniture and construction markets. Highly comparable as a vertically integrated wood products producer in Latin America serving similar furniture and construction end-customers.
  • Duratex: Brazilian producer of MDF, engineered wood panels, and laminates with vertically integrated forestry operations. Closely comparable to Proteak given overlapping regional markets, MDF-focused product mix, and integrated forestry-to-panel supply chain.

Broad incumbents

  • West Fraser Timber: Canadian integrated forestry company producing lumber, panels (MDF, plywood), pulp, and renewable energy. Comparable as a broad incumbent in integrated forestry-to-panel operations with on-site power generation like Proteak's 12.9 MW plant.
  • Kronospan: Global MDF and wood-based panel manufacturer with extensive operations worldwide. Comparable at the MDF production level—same Dieffenbacher-class manufacturing technology and serves furniture/construction end markets like Tecnotabla.
  • Arauco: Major Chilean forestry conglomerate producing pulp, lumber, plywood, MDF, and biomass with vast plantation estates. Broader incumbent comparable to Proteak in wood panels and sustainably certified plantation operations across Latin America.
  • Egger: Austrian family-owned producer of wood-based panels (MDF/HDF), laminates, and engineered wood products. Direct comparable on MDF manufacturing technology, end-customer base in furniture/construction, and FSC-certified raw material sourcing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Proteak social profiles

Digital presence

Proteak compliance and trust

Trust signal

Compliance3 records

Proteak financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Proteak leadership team

Management profile

Number of profiles

Profiles11 records

Proteak subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Proteak funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Proteak M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Proteak

What does Proteak do?

Proteak is a vertically integrated forestry company that cultivates, harvests, and commercializes plantation teak logs (Teca) for export while manufacturing FSC-certified Medium Density Fiberboard (MDF) panels and melamine boards (Tecnotabla) from owned eucalyptus plantations. Operations span hydroponic nurseries with proprietary cloning technology, more than 11,000 hectares of plantations across Mexico and Latin America, a 260,000 m3/year MDF plant, and on-site power generation, supplying furniture manufacturers, construction companies, and design firms.

Is Proteak a public or private company?

Proteak is a public company. It is classified as public and is currently operating.

When was Proteak founded?

Proteak was founded in 2000. It employs 501 to 1,000 people.

Where is Proteak based?

Proteak is headquartered in Mexico City, Mexico, in the Latin America region.

How does Proteak make money?

Three revenue lines are on record. Teak Timber Exports are the primary driver. The others are MDF and Melamina Boards (Tecnotabla) and carbon Credits (Fresh Breeze Program).

Who are Proteak's main competitors?

Direct peers on record are Sonae Arauco, Precious Woods, Masisa and Duratex. Broad incumbents are West Fraser Timber, Kronospan, Arauco and Egger.

Does Proteak have an API?

No public API is recorded for Proteak.

What industry is Proteak in?

Proteak's product category is Engineered Wood Products. Its primary akta.pro industry code is IMAMAAAC, Forest Nurseries & Tree Seedling Production, with a secondary code of AFAMADAE, Vegetative Propagation (Cuttings, Clonal Forestry, Tissue Culture). Its NAICS code is 11321 and its SIC code is 800.

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Live signals
PR NewswireProteak con arranque de año récord y resultados de "buena madera"Proteak reported that its Tecnotabla MDF board business achieved record sales for the fourth consecutive quarter in Q1 2019, representing 40% growth over Q1 2018, and recorded its highest-ever quarterly profit. The company also received a non-binding letter of intent from Conti Street Partners for a potential joint investment of up to $80 million to develop a commercial teak plantation portfolio, with Proteak contributing approximately 1,800 hectares of teak plantations valued at $47–52 million.PR NewswireProteak Uno Earnings Release 1Q17Proteak Uno announced its Q1 2017 financial results, reporting a net profit of MxP 88 million driven by a 364% surge in goods sales and significant exchange rate gains on USD-denominated loans. The company secured a USD 65 million credit line from the IFC and Proparco to refinance liabilities and fund the expansion of eucalyptus plantations, while its MDF business achieved record market share growth.PR NewswireProteak Obtains $65 Million Dollar Credit Facility From IFC and PROPARCOThe International Finance Corporation (IFC) and PROPARCO granted a $65 million multilateral credit facility to Mexican forestry company Proteak Uno, an event described as unprecedented in Mexico. The facility will fund the sustainable development of up to 10,000 new hectares of commercial forest plantations and restructure Proteak's existing debt with improved terms. The financing aims to support reforestation of degraded areas, reduce carbon emissions, and contribute to job creation in the regions where Proteak operates.