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| | Klabin retakes investments and changes the focus Project of R$ 1.5 billion doubles the plant of cards for 680 thousand tons, which becomes the sixth biggest in the world January 25th/2006 - Three years after facing a financial crisis without precedents, the council of administration of Klabin approved, on the Friday, the biggest project of investment of the company in its 105 years of existence.
The biggest manufacturer of papers and cardboard in the country will invest R$ 1.5 billion (the equivalent to USS 650 million) to expand its production of cards, used in the production of packing.
The council of administration approved the investment of R$ 250 million in modernization and maintenance projects. Klabin announced that 40% of the investments will be made with proper capital, and the rest will come from the Brazilian Development Bank (BNDES) and other agencies of credit to the exportation. The company already fit the project in the BNDES, where it waits to obtain R$ 1.2 billion, including the parcel of the taxes. So far, the biggest investment of Klabin had been the acquisition of the Igaras, then the second biggest manufacturer of packing in the country, for USS 510 million, in 2000.
With the expansion in cards, the company expects to increase, in four years, the share with exportation of 30% of the net revenue - about USS 300 million in the last year - for something near 40%.
The biggest parcel of the investment, to be made in the Monte Alegre plant, in the city of Telêmaco Borba (PR), will be destined to the purchase of a paper machine, the first one to be installed in Brazil since the beginning of the operation of the plant of Bahia Sul (today a unit of the Suzano group, in 1992.
"Our capacity of production will increase from 1.6 million of tons per year to 2 million tons in the first trimester of 2008", affirmed the general-director of Klabin, Miguel Sampol. Klabin already produced 2 million tons of paper in the past, but a crisis made its finances fragile four years ago with the valorization of the dollar compared to the Real.
This compelled the company to undo, in 2003, of four assets. It bought at an auction, at the end of the process, USS 855 million. With this, the company left the segments of press paper, sanitary paper, market cellulose and soluble cellulose.
Reorganized - with a good situation in the finances and the liquid debt of less of R$ 400 million to the end of September of 2005 - Klabin opted to focus its businesses in the production of cards for packing, waved cardboard and industrial bags, and also wooden. "Brazil also needs to grow, besides the cellulose, the paper exportations", said Sampol, that justifies that the prices of the cards have kept steadier than the kraftliner (waved cardboard) and the cellulose.
The ton of the paper card varied from USS 700 to USS 800 in the last year; the kratliner, from a value of reference of USS 450, felt to USS 370.
Klabin will extend its capacity of total production of cards from 390 thousand tons per year to 740 thousand per year in 2008. With this, it will go to the 6th position among the biggest manufacturers of cards in the world. From the total of the production, about 400 thousand tons will be destined to the external market. In 2005, it was 80 thousand.
The new paper machine, that will occupy a building of 300 meters of length by 40 of width, will be in the same unit where it is the current one, installed in 1979. Klabin has been talking with suppliers, such as Metso and Voith, but Sampol did not reveal details of the negotiations.
The expansion of Monte Alegre, inaugurated in 1946, will put the plant among the 12 largest companies of paper in the world, with a capacity for 1.1 million of tons. The unit will have the biggest boiler of biomass of the country that will reduce the consumption in 20 thousand tons of combustible oil per year, allowing that the company to negotiate carbon credits.
The workmanships must start in the half of this year. During the construction phase, 4.5 thousand jobs will be generated. To the end of 22 months, stated period foreseen for the construction of the new plant, 250 direct jobs will be created in the installation and other 750 jobs in the forests of the company, which will supply the unit.
Source: Valor Online, by Andres Vieira, from São Paulo |
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