Celulosa Arauco y Constitucion SA (Arauco) is a manufacturer of hardwood, softwood and other wood products. It is the producer of market pulp, bleached and unbleached softwood kraft pulp, bleached hardwood kraft pulp, dissolving and fluff pulp, and panels in terms of production capacity. The company operates industrial facilities in multiple countries and manages extensive forest plantations, focusing on sustainable forestry practices.

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Arauco focuses on research and development to enhance the productivity of its forest and industrial resources. The company has focused on innovative technologies in the Forestry, Pulp, and Wood Products business segments. Significant investments have been made in new processes and technologies, including genome editing of forest species and improvements in pulp mills to reduce environmental footprints. It has also collaborated with academic institutions on environmental and ecological research projects, contributing to sustainable practices and the fulfillment of Sustainable Development Goals (SDGs). It owns and operates the research center of Investigaciones Forestales Bioforest SpA (Bioforest). Bioforest is responsible for focusing on disruptive research and delivering greater value to the company's businesses. It has a team dedicated to researching new technologies and products derived from the pulp process and forest improvements. Bioforest also collaborates with a broad network to improve industrial and forestry management based on empirical evidence and knowledge transfer. The company also collaborated with TreeCo for genome editing of forest species. In FY2024, Arauco spent US$10.9 million on R&D, which represented approximately 0.1% of its net revenue.