Klabin to invest Real 300 million in new recycled packaging paper machine in Goiana, Brazil

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Klabin to invest Real 300 million in new recycled packaging paper machine in Goiana, Brazil

October 26, 2012 - 01:58

SAO PAULO, Oct. 26, 2012 (Press Release) -Klabin S.A. ("Company", BM&FBovespa: KLBN4) announces to the market that, at a meeting held yesterday, the Board of Directors approved the investment in a new machine for the production of recycled paper. With a capacity of 110 thousand ton year, the equipment will be installed in Goiana unit (capacity meets the growth of the packaging market in the Northeast.

The new equipment, whose start is scheduled for middle 2014, will be the most modern recycled paper machine in Brazil and will provide quality and efficiency gains. The approximate investment, including the OCC processing line and utilises necessary for the operation, is R$ 300 million.

As a result, Klabin's production capacity of recycled papers in Northeast Region will reach 160 thousand tons.