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Paraguay: Paracel pulp mill to be installed in 2023 with investment of US $ 3,300 million

11/10/2020

The largest private investment in the country’s history will be the forestry with “the most modern pulp mill in the world” to be installed in Concepción by 2023, which has already mobilized another 200 SMEs to set up in the region, ArgentinaForestal.com said

. presented by Rediex (Investment and Export Network) of the Ministry of Industry and Commerce of Paraguay, Infona (National Forestry Institute) and Fepama (Paraguayan Federation of Lumberjacks) during a virtual seminar recently held on business opportunities and forest markets.

Paraguay and Sweden
The shareholders of Grupo Zapag (Paraguay) and Girindus Investments (Sweden) will invest more than US $ 3,300 million, will forest about 135 thousand hectares of eucalyptus.

They are going to install a factory with the highest international standards, generating expectations of sustainable development for the sector promoted by the government and the private sector.

“It will have a job multiplier effect, hiring 8 thousand people in the construction phase in 2021 and another 4 thousand direct jobs in the operation phase. It will be of great export development for the Paraguayan sector ”, they state. Construction begins in 2021
It is the “Paracel” factory that will begin construction in 2021 and is scheduled to start in 2022.

The shareholders of the company based in Sweden have extensive experience in research and development of the pulp business throughout its productive chain: from sustainable reforestation to pulp production.

In the search for business expansion in a competitive environment, Girindus Investments was interested in participating in the development of a new project that met all the criteria of a sustainable, next-generation pulp mill.

Cutting-edge technology
It will be “the most modern pulp mill in the world, with a state-of-the-art biorefinery system and sustainable supply plantations (the supply chain must be certified by the FSC system)”, the authorities reported.

The industrial plant will have a production capacity of 1.5 million tons of BHKP per year, Raúl Gauto, entrepreneur of Forestal Silvis and secretary of FEPAMA,

will tell 4,000 people directly and an indirect impact of 35,000 jobs is estimated .

It will be installed in the Department of Concepción, and in the first 6 years it will need to strengthen its supply chain of raw materials until it has its own plantations.

Source: Desarrollo Forestal
Photo: Rediex Paraguay.