Adhoc: The decision has been made: Lenzing joint venture to build dissolving pulp plant in Brazil-1

March 6, 2020

Lenzing/Sao Paulo – The Lenzing Group, world market leader for wood-based cellulosic fibers, and Duratex, the largest producer of industrialized wood panels in the southern hemisphere, announce that they will build a 500,000 t dissolving wood pulp plant in the State of Minas Gerais, near Sao Paulo (Brazil).

 The start-up is planned for the first half of 2022. In the joint venture, Lenzing holds a 51 percent, Duratex a 49 percent stake. 

The expected industrial CAPEX will be approx. USD 1.3 bn (based on current exchange rates and customary tax refunds). 

The project is financed through long-term debt. The corresponding financing contracts are expected to be concluded at the end of the first quarter of 2020.

Reprint from: https://www.lenzing.com/newsroom/press-releases/press-release/adhoc-the-decision-has-been-made-lenzing-joint-venture-to-build-dissolving-pulp-plant-in-brazil