Petros Fundacao, the pension fund for employees of state-controlled Petroleo Brasileiro SA , has agreed to sell an 8.53 percent stake it holds in pulpmaker Eldorado Brasil SA, after Paper Excellence BV exercised an option to buy the stake.
"MoistTech Corp. has grown over the past years with the need to expand our corporate headquarters to a larger facility to continue to exceed our customer's needs."
Arauco officially announced it presented an Environmental Impact Statement for the extension and modernization of the Valdivia sawmill, which involves a $151 million investment to modernize the current facility and increase annual production capacity from 487,000 cubic metres to about 1 million cubic metres.
West Linn Paper Company today (16 Oct 2017) announced that it is ceasing operations and will commence a winding up of its business supervised by its second lien lender.
