Heinzel Group becomes strategic investor in project to build Paraguay's first pulp mill
Wednesday, July 27, 2022 2:15 pm
PARAGUAY (News release) -- Heinzel Holding GmbH and Paracel S.A. jointly announce that Heinzel has entered into an investment agreement to become the strategic equity investor in Paracel, an afforestation and pulp mill project in Paraguay, South America. Paracel has now received equity commitments from a group of Paraguayan and European business families, with Heinzel's investment completing the needed strategic equity for the project. Heinzel will hold 25% of Paracel's shares at project completion.
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