Fibria’s Horizonte 2 project in Brazil is 96% complete

Brazilian forestry company and the leading eucalyptus pulp producer Fibria informed that it is moving forward the expected date for the completion and startup of the Horizonte 2 Project to build a second pulp production line at its unit in Três Lagoas, Mato Grosso do Sul. Previously scheduled for the fourth quarter of 2017, the mill is now slated to start operations in the first weeks of September. According to the announcement, construction on the expansion project is currently 96% complete, while its financial progress stands at 69%.

 

Fibria estimates that, from September to 2017 year-end, the new mill in Três Lagoas will produce 377kt of pulp. Production will ramp up gradually to reach the mill’s full capacity of 1.95 Mtpa in 2020.

In 2Q2017 Fibria increased EBITDA margin to 45%.

Earlier Fibria announced an investment into  intermodal terminal for pulp shipment in Brazil.

About Fibria:

The company is a global leader in eucalyptus pulp production. With an annual pulp production capacity of 5.3 million tons, it has industrial units in the cities of Aracruz (Espírito Santo), Jacareí (São Paulo) and Três Lagoas (Mato Grosso do Sul), and in Eunápolis (Bahia), where it operates the Veracel plant through a joint venture with Stora Enso. Fibria owns a forest area of around 969,000 hectares, distributed across six Brazilian states (São Paulo, Minas Gerais, Rio de Janeiro, Espírito Santo, Bahia and Mato Grosso do Sul), with 568,000 hectares of planted forests, 338,000 hectares of environmental preservation and conservation areas.  The pulp manufactured by Fibria is exported to more than 40 countries.

Source: Woodbizforum