Lurio Green Resources sets up eucalyptus nursery in Mozambique

9 March 2011

Nampula, Mozambique, 9 March – Lurio Green Resources is setting up a nursery with 7 million saplings of several varieties of eucalyptus in Mozambique’s Nampula province, the company’s managing director said.

Cited by the Mozambican press, Arlito Cuco, the managing director of the company, a Norway-based multinational, said that the target of 7 million saplings, mainly of two varieties imported from Brazil and Zimbabwe, would be reached, at the latest in February, 2012.

Cuco also said that that number of saplings would likely be enough to plant up the company’s concession area, which covers 126,000 hectares in some districts of Nampula province.

The project, which involves estimated investment of US$1.8 billion, includes installation of a sawmill and factories for producing cellulose pulp and paper as well as for furniture along with the development of renewable energy. (macauhub)