Klabin Announces R$ 342 Million Investment in Projects in the States of Minas Gerais, Pernambuco, Santa Catarina, and Others

The Klabin Board of Directors Approved 23 Special Projects and Capacity Expansions at Its Facilities in Different States of the Country

Yesterday, Tuesday (06/30), Klabin announced in a market statement that its board of directors approved 23 special projects and capacity expansions at its facilities, which are expected to consume investments of R$ 342 million between this year and 2022. Of the total, R$ 125 million will be disbursed this year and the remainder in 2022, said the manufacturer of packaging paper and cellulose. States like Santa Catarina, Pernambuco, Minas Gerais, Paraná, and others will receive the company’s investments. See also: Nestlé Will Make a Billion-Dollar Investment to Build a New Factory in Santa Catarina. About 2,000 Jobs Will Be Created

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The Projects That Will Receive the Investments

The majority of Klabin’s investments, totaling R$ 251 million, will be directed to increasing the capacity to convert paper into packaging, with a focus on two new printers to be installed at the Betim (Minas Gerais) and Goiana (Pernambuco) units, and a new multi-purpose bag line at the Lages unit in Santa Catarina.

The remaining projects are spread across all of Klabin’s operating segments and are substantially focused on cost optimization. The projects are expected to yield a quick and high return, and the low investment relative to the expected cash generation from these projects will contribute to the company’s acceleration in the current growth cycle.

See Also: Klabin Will Invest More Than R$ 2.6 Billion in the Puma II Project in Paraná. About 1,500 Jobs Will Be Created with the Operations

Klabin recently announced that it will invest more than R$ 2.6 billion in the Puma II Project, located in the municipality of Ortigueira, in the state of Paraná. The Puma II Project is Klabin’s largest investment, which will feature two paper machines, with the first machine (with a capacity of 450,000 tons/year) expected to be delivered later this year. The second paper machine (with a capacity of 470,000 tons/year) is expected to be delivered in 2023. Many job opportunities will be generated, both directly and indirectly, when it starts operations.

Cristiano Teixeira, General Director of Klabin, states that during the past year, the company conducted a thorough assessment of market trends and conditions to reach a conclusion. The General Director also emphasizes that the packaging paper sector has enormous growth potential and predicts that carton paper will be a possibility to generate even more value for Klabin, reinforcing the company’s integrated, diversified, and flexible business model.

Governor Carlos Massa Ratinho Junior of Paraná says that the state receives this news of more investments from Klabin with great enthusiasm, as the company is a great partner of Paraná, having generated over 10,000 jobs both directly and indirectly. Ratinho Junior also mentions that, even during a pandemic, Klabin is making investments, which generates more economic development for the region.