Chile-based Empresas CMPC announced recently that it has approved the expansion of the company's Guaiba mill, in the state of Rio Grande do Sul, Brazil.
"This investment is a milestone for CMPC, the largest in the company's history," said said Mr. Hernan Rodriguez, CEO of CMPC.
The Guaiba II project will almost double CMPC’s market share of global pulp and allow them to meet growing demand for high quality wood pulp.
"This important decision taken by the Board of Directors is another step in CMPC's internationalization, and takes our total investment in Brazil to US$4.5 billion," Rodriquez said.
The new pulp production line will be adjacent to the existing bleached eucalyptus line at the site, which currently has an annual capacity of 450,000 tons per year.
CMPC expects the new second line to begin producing pulp by the first quarter of 2015.
