MEXICO -- Masisa, a manufacturer of wood particle and fiber boards for furniture and interior architecture in Latin America, will invest $132 million in its Durango, Mexico, facilities with the construction of a new MDF plant and melamine coating line, as well as the expansion of its existing resin plant.

The new MDF mill will have a production capacity of 200,000 cubic meters and the melamine line will have a capacity of 100,000 cubic meters.

Chilean-based Masisa has had MDF and particleboard operations in Mexico for approximately 10 years. As part of its growth strategy to increase technology and production capacity, Masisa acquired Rexcel including its particleboard plant and melamine and high-pressure decorative laminate lines located in Chihuahua, Mexico. The company also sold its door making operations to Masonite.