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Fibria accelerates preparations for startup of Três Lagoas II unit in Brazil

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Fibria accelerates preparations for startup of Três Lagoas II unit in Brazil

August 15, 2010 - 21:30

SAO PAULO, Aug. 16, 2010 (Press Release) -Fibria Celulose S.A. resumes studies to start forestry investments aiming to anticipate the startup of the Três Lagoas II Unit in Mato Grosso do Sul State from 2016 to 2014, depending on market conditions.

The expansion project includes the construction of a new pulp production line next to the existing unit (Três Lagoas I), with a nominal capacity of 1.5 million tons per year that may be increased to 1.75 million tons in the medium-term by debottlenecking and increase of operational efficiency. The project will demand a total investment of approximately R$5.8 billion and the social-environmental licensing process has already begun.

A total of 150 thousand hectares of planted forests will be needed, made up by 50% of own forest and the remaining 50% from third parties through leasing and partnership. The total planned investment in the forest base is R$1.8 billion. The company has a 30 thousand hectare surplus of planted land from the Três Lagoas I operation and is concluding the lease of 45 thousand hectares in 2010. The remaining 75 thousand hectares will be guaranteed through the purchase and lease of lands in the next years. The Três Lagoas II Unit should create approximately 2,900 jobs (company and outsourced staff).

Further information will be disclosed in a timely manner, as the company's Board of Directors formalizes decisions.