Empresas CMPC could invest between US$1.5B-US$2B to add 1.3 million tonnes/year capacity to its Guaiba, Brazil, pulp mill, expanding capacity to up to 1.8 million tonnes/year from 450,000 tonnes/year

LOS ANGELES , September 21, 2011 () – Chili’s Empresas CMPC SA may invest from US$1.5 billion to US$2 billion on an additional 1.3 million tonnes per year of pulp capacity at its Guaiba, Brazil, mill, a company spokesman said, the Dow Jones News Wires reported on Sept. 16.

The project is in early engineering stages and could expand the capacity to 1.75 million-1.8 million tonnes/year from its current 450,000 tonnes/year, according to a spokesman.

CMPC, Chile’s second-largest pulp producer, acquired the Guaiba mill from Brazil’s Fibria SA for US$1.43 billion in 2009. The company produces a total of 2.5 million tonnes/year of pulp, Dow Jones reported.

The primary source of this article is Dow Jones News Wires, New York, New York, on Sept. 16, 2011.

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