Panasa concludes $12M investment in Ecuador

SAO PAULO, July 16, 2019 (PPI Latin America) -Papelera Nacional S.A. (Panasa) of Ecuador is concluding a $12 million investment in July that will improve paper production quality and corrugated board converting equipment at its Marcelino Maridueña plant, province of Guayas, southwest Ecuador. After the project, the company will also increase corrugated board capacity by 25%.

According to the company’s CEO Gonzalo Velásquez, Panasa is not the only company in Ecuador that is investing in capacity, with a further 120,000 tonnes of new corrugated capacity expected to be added this year. “This should increase competition in the country. Demand is not ...

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