SOUTH AMERICA SPECIALTY PULP AND PAPER CHEMICALS MARKET ANALYSIS

Key Developments

• In December 2023, Klabin, a leading producer of packaging and sustainable paper, announced it had acquired Arauco's forestry management operations in Paraná. This investment includes the purchase of more than 85,000 hectares of valuable forest land, mainly situated in the State of Paraná. The acquisition aims to bolster the company's self-sufficiency in raw materials.
• In June 2023, CMPC a Chile-based packaging and tissue paper company, signed an agreement to purchase Powell Valley Millwork in the U.S. As per the deal, the company aims to expand its business in the U.S.
• In August 2021, Klabin advanced its growth strategy by launching the first paper machine (MP27) of the Puma II Project in Ortigueira, Paraná. This machine has a production capacity of 450,000 tons and is designed to produce Eukaliner, the world's first kraftliner paper made entirely from eucalyptus fiber.