The Multinational Paper Excellence Evaluates Installing a New Factory in Minas Gerais, with an Investment of US$ 4 Billion and an Expectation of Creating Thousands of Jobs. Understand the Impacts and the Company’s Profile.
According to information from Money Times, Minas Gerais is on the radar of Paper Excellence for the construction of a new pulp factory. The Sino-Indonesian company is negotiating with state authorities to define the location of the unit, which could represent an investment of approximately US$ 4 billion and create more than 2,000 direct jobs.
This should boost the local economy and expand its operations in the competitive Brazilian pulp market. The confirmation of the project still depends on feasibility studies and logistical and environmental factors.
Focus on Economic Development Aligned with Environmental Sustainability
The construction of the new unit is seen as a great opportunity to strengthen the forestry sector in Minas Gerais.
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With 52,000 m² and planned to operate 24 hours a day, the new Mercado Livre distribution center will be installed in Itupeva and is expected to create more than 2,000 jobs.
However, experts emphasize the need for the project to adhere to strict environmental and social responsibility criteria.
The expectation is that the company will comply with legal requirements and contribute to a sustainable growth model.
The arrival of Paper Excellence may also stimulate the emergence of new suppliers and strengthen productive chains linked to agribusiness and paper.
Get to Know Paper Excellence
Founded in 2006 with the acquisition of a plant in Canada, Paper Excellence has established itself as one of the global leaders in the pulp, paper, and forest products industry. The multinational operates 58 factories in countries such as Canada, the United States, France, and Brazil.
With a presence in over 60 countries, the company has an annual production capacity of 12.8 million tons.
Since its inception, its growth strategy has been based on significant acquisitions and capacity expansion.
In Canada, it is recognized as the largest producer of long-fiber pulp, and 100% of its forestry operations have international certification.
Another notable fact is that 77% of the energy consumed comes from renewable sources.
The company reinforces its commitment to the preservation of native forests and the reduction of CO² emissions, protecting natural habitats and endangered species.
Moreover, it maintains social initiatives aimed at the well-being of the communities where it operates.
Its business model is strongly aligned with ESG practices (Environmental, Social, and Governance).
With more than 21,000 employees worldwide, Paper Excellence completed the acquisition of Resolute Forest Products in 2023, increasing its influence in North America.
This merger positioned the company among the ten largest groups in the forestry sector globally, solidifying its presence and influencing strategic markets. The entry into Minas Gerais follows this logic of expansion and consolidation.
With information from Money Times.


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