| Company Name | | Country | | Functional Currency | |
| Eufores S.A. | | Uruguay | | U.S. Dollar | |
| Celulosa y Energía Punta Pereira S.A. | | Uruguay | | U.S. Dollar | |
| Zona Franca Punta Pereira S.A. | | Uruguay | | U.S. Dollar | |
| Forestal Cono Sur S.A. | | Uruguay | | U.S. Dollar | |
| Stora Enso Uruguay S.A. | | Uruguay | | U.S. Dollar | |
| El Esparragal Asociación Agraria de R.L. | | Uruguay | | U.S. Dollar | |
| Ongar S.A. | | Uruguay | | U.S. Dollar | |
| Terminal Logística e Industrial M’Bopicua S.A. | | Uruguay | | U.S. Dollar | |