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On June 27, Arauco announced that it signed a $3 billion investment cooperation agreement with the Brazilian state government of Mato Grosso do Sul on June 22 for the construction of a new pulp mill. The construction of the new mill will be completed in 2025. start.
The new plant is located 50 kilometers away from the city of Inocencia and will have a production capacity of 2.5 million tons of hardwood pulp upon completion. From a logistical point of view, there are large areas of high-quality forest near the new plant in Inocencia, and it is beneficial to export pulp to other regions.
Matthias Domeco, CEO of Arauco, said that Brazil is an important node in the company's global strategy. The company has been operating in Brazil since 2002 and is currently evaluating the possibility of increasing future investments by entering the pulp business. sex. Evaluation criteria will include market conditions, environmental impact permits, timber quotation evaluations, and board approvals.
