Portucel to build pulp mill in Mozambique?

Posted: 27 March 2008 in Portucel
Tags: ,

According to Thompson Financial, Portucel – Empresa Produtora de Pasta e Papel SA is considering building a plant in Mozambique, according to the chairman of Portugal’s investment agency, Basilio Horta.

Diario Economico reported that the plant would cost about €1 billion. Mozambique is a strong candidate for the plant because of the “high productivity of its eucalyptus forests” (sic).

Diario Economico added that Potucel is also considering other locations including Angola, Uruguay, Brazil and Portugal.

But earlier this month, Thompson Financial reported Portucel as saying that “Portugal has not been considered a possible location for a planned new pulp plant due to a current lack of available raw materials”.

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Comments
  1. Chris Lang says:

    Bloomberg reports that Portucel might build two pulp mills in two countries. The company is planning to invest US$1.8 billion. Possible countries are Portugal, Brazil, Uruguay, Mozambique and Angola.

  2. Chris Lang says:

    The plot thickens. Thomson Financial reports that Sonangol, an Angolan state-owned oil company, is considering buying a stake in Portucel. Clearly Sonangol and the Angolan government is interested in getting Portucel to build a pulp mills in Angola – rather than anywhere else.

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