Nip Impressions logo
Wed, Jul 24, 2024 00:10
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
My Profile
Management Side
Klabin to invest $301 million for plant modernization

SAO PAULO (From news reports) - Brazilian pulpmaker Klabin's board approved a 1.66 billion reais ($301.2 million) investment in the modernization of its Monte Alegre plant, it said in a securities filing.

According to Klabin, the money will go towards the installation of a new recovery boiler with "cutting-edge technology."

The company said it will allocate the resources from 2024 to 2027, adding the investments for the installation were already included in previous capital expenditure estimates it had released for the next few years.

Klabin will pay part of the amount, some 180 million reais, through recoverable taxes, according to the filing.

The recovery boiler operations are expected to begin in the fourth quarter of 2026, the company added.

Are your products listed in the Paperitalo Supplier Directory? If not, click here.

Printer-friendly format


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: