Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
My Profile
Klabin Agrees to Sell Forest Tracts

SÃO PAULO (From news reports) -- Brazilian pulp and paper producer Klabin SA said Friday it has agreed to sell tracts of forest property for 230 million reais, the equivalent of $44 million.

Klabin didn't provide details on the buyer. The agreement must be approved by Brazilian competition authorities.

The approximately 31 square miles of land contain the equivalent of 3.2 million cubic meters of wood, Klabin said. The company also signed an agreement to buy as much as 2.2 million cubic meters of wood through 2036, Klabin said.

The sale is part the company's forest-supply strategy, and reinforces its asset-management, wood-cost and capital-allocation efforts, Klabin said.

You get lots of valueless email, sign up for newsletters that can promote your career.


Related Articles:

Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: