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Klabin S.A. Granted $100 Million Loan for Greenfield Pulp Mill Project in Brazil

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According to a report this past week by The Financial, Kiev, Ukraine, this $100 million dollar loan is for financing construction of the Greenfield pulp production facility in the municipality of Ortigueira in the state of Paraná, Brazil. The so-called "Puma project" will be implemented by the country’s largest paper producer and exporter, Klabin S.A., São Paulo, Brazil.

With an annual production output of 1.1 million metric tons of bleached eucalyptus-based hardwood pulp, destined for both export and domestic sale, and 400,000 metric tons of bleached pine-based softwood pulp, in part to be used for the production of Brazil’s first domestic fluff pulp, the completed "Puma" mill will almost double Klabin’s production capacity.

The new factory will use state-of-the-art technologies and equipment supplied by manufacturers in the Nordic pulp and paper cluster.

"Participating in large projects such as "Puma" and advancing into growth markets is an efficient way for industry leaders in NIB’s member countries to uphold a high level of their know-how and to strengthen their competitiveness", said Henrik Normann, NIB president and CEO. NIB is providing the capital for the loan.

The pulp mill is expected to be self-sufficient on renewable energy. Its 270 MW biomass power plant, running on by-products of the pulp process, will make the surplus of renewable energy available for sale to the national power grid.

The project will include the construction of a 42-kM, 230 kV transmission line to connect the pulp mill to the electricity grid, and a 23-kM secondary railway to link it to the rail network. The construction of a wastewater treatment plant and the employment of chemical recovery processes to reclaim cooking chemicals spent in the pulping process are included in the project plan.

Klabin S.A. is Brazil’s largest integrated manufacturer of packaging paper and paperboard. Klabin runs 15 industrial plants and exports to more than 60 countries.

The state-owned BNDES involved in the project helps provide long-term financing to projects that contribute to the development of the country and the competitiveness of the national economy.

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