Euroresinas-Chemical SA is a unit of Sonae Arauco Group for the manufacture and marketing of synthetic resins and formaldehyde. Sonae Arauco is a new company resulting from a strategic partnership between Sonae Indústria and Arauco. This 50/50 partnership involves the existing European and South African wood based panels and related operations of Sonae Indústria, namely all its production facilities of wood based panels, chemicals and paper impregnation, but excludes Sonae Indústria’s operations in North America and the laminates and components business, which will continue to be fully owned by Sonae Indústria. With a total of 13 plants located in 4 countries on 2 continents and with more than 2700 employees worldwide, Sonae Arauco is one of the largest wood-based panel producers in the world.