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Iberpapel Sells Its Forestry Assets in Uruguay

The Iberpapel Group has signed the definitive agreement for the sale of the forestry assets in Uruguay on a total of 11,280 hectares. Through this $57 million transaction, the company has disposed of 40% of its forestry assets.

Iberpapel is investing Euro 22.5 million in Papelera Zicuñaga’s Hernani facilities over the course of 2023 to launch several initiatives that will make production and environmental processes more efficient.

These investments include refurbishing the lime kiln, which will bring significant environmental improvements and considerable savings in raw material energy costs, CO2 emissions and waste sent to landfills. The continuous paper quality measurement equipment and the control system for one of the paper machines will also be replaced, and the electrical and mechanical drive will be overhauled in another. A new auxiliary gas burning system will also be installed in the boiler. Among other minor investments, the computer network architecture will be improved and the sauce preparation kitchen will be automated.

These investments have boosted the Zicuñaga plant’s strategic importance in the paper industry.

Iberpapel is a vertically-integrated paper group. It is one of the leading players in the printing and writing paper segment in Spain.

Source: Lesprom