Portucel will invest in a new tissue production line with nominal capacity of 70 thousand tonnes per year, with an estimated value of approximately € 120 million.
With this project, the Portucel Group will have a global production capacity of 130 000 tons of tissue per year.
The Group intends to develop a business model based on direct integration of pulp into tissue production and the location of this investment will be the Cacia mill site.
Over the last months, several preliminary assessments were conducted, including viability and pre-engineering studies, in order to identify the m ore adequate technical solutions for this investment, both in terms of location and nominal production and converting capacity.
Portucel expects to start production during the first half of 2017.