A company from Thailand intends to obtain the right to use a 100,000-hectare plot of land in Mozambique to plant trees for pulp production, the permanent secretary of Thailand’s Ministry of Trade announced in Maputo, according to the Mozambican press.
Nuntawan Sakuntananga said at the end of a meeting with the board of the Confederation of Economic Associations of Mozambique (CTA) that the Thai company, which he did not identify, is one of the world’s largest pulp and paper producers.
He also said that the land should be near a port and a river, to provide water for the plantation, adding that “if everything works out, there is the intention to build a paper mill there.”
Sakuntananga, at the meeting with the CTA’s board of directors to review the trade situation between the two countries and discuss likely future partnerships between Mozambican and Thai business people, said that companies in his country had already invested around US$6 billion in the energy sector in Mozambique.
In May 2012 PTT Exploration & Production Plc, a subsidiary of Thai group PTT, acquired an 8.5% stake held by Ireland’s Cove Energy in the natural gas exploration consortium in Area 1 of the Rovuma basin for US$1.9 billion.
The permanent secretary of the Thai Ministry of Trade travelled to Maputo to lead a delegation of business people interested in analysing investment opportunities in Mozambique. (macauhub)