Pulp & Paper News

Portucel secures investment incentives, plans to expand production at Cacia pulp mill in Portugal

BRUSSELS , May 15, 2014 (RISI) - 

Portucel has received approval for a global package of tax and financial incentives from the Portuguese Agency for Foreign Commerce and Investment (AICEP), which the firm intends to use to expand operations at its Cacia pulp mill in Portugal.

As part of an investment project, the firm will increase capacity at the Cacia mill from the current 285,000 tonnes/yr of bleached hardwood kraft (BHK) pulp to 353,000 tonnes/yr, a Portucel representative told PPI Europe. The project, valued at Euro 56.3 million ($77.3) should be completed in June 2015, he said.

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