Sao Paulo, Brazil, 20 Feb – Klabin, the largest paper manufacturer in Latin America, has announced it will invest in pulp production over the next few years based on increased demand from China that will lead to higher world prices for the product, according to a report in China Knowledge.
Miguel Sampol Pou, Klabin’s chief executive said in Sao Paulo that the company plans to plant more eucalyptus trees and build factories in order to start selling pulp all over the world as of 2014.
China imported over 7 million tons of pulp in the first 10 months of 2007, valued at US$4.57 billion, which represents a rise of 5.3 percent against the same period of 2006.
In Brazil Klabin is the biggest producer and exporter of paper and is the leader in the paper and packaging cardboard and industrial bags segments.
The company is also the biggest paper recycler in Latin America, as well as producing and selling wood.
The company, which was founded in Sao Paulo in 1899, currently has 17 factories in Brazil – in eight states – and one in Argentina.
The company, which has over 7,000 workers, is controlled by Irmãos Klabin & Cia with 51 percent and by Grupo Monteiro Aranha with 20 percent.
It has four business units – Forestry, Paper, Cardboard Packaging and Industrial Bags – and in 2006 posted sales of US$2.7 billion. (macauhub)