22 Apr 2022

As of Tuesday 12 April, the forest and industrial assets of sack, pulp and paper producer Iguaçu, together with an excellent group of professionals, have become part of CMPC.

The acquisition includes three mills, two of which are located in the state of Paraná and one in the state of Santa Catarina, in southern Brazil. These have an annual production capacity of 500 million sacks, 120,000 tons of sack kraft paper, 105,000 tons of pulp and 21,000 tons of specialty papers.

The new assets mean that CMPC’s total annual sack production capacity is now 1.5 billion, making us the second largest producer globally in this market and further strengthening our offering to customers.

In addition, CMPC has acquired pine plantations totaling 1.9 million cubic meters to add to its existing forest assets. As mentioned in December when we announced the acquisition, we are investing because we are convinced that the unique characteristics of our sustainable, renewable, recyclable, and biodegradable forest products are the materials of the future.

Similarly, with our Biopackaging business, we added some US$ 110 million in production expansion projects in Chile, Peru, Mexico and Argentina. In the meantime, we have allocated about US$ 710 million to the Pulp business, mainly to the BioCMPC project in Guaíba, as well as modernization of sawmills and environmental and sustainability projects.

A warm welcome to the 1,080 people who are joining the CMPC team.  We are confident that together with their experience and expertise, we will boost the sustainable packaging market in the region, in addition to increasing the supply of sack kraft paper to all our other sack production facilities.