Klabin will invest 472 million R$ in second half

Klabin, follows investing in the project Puma, pulp mill installed in Ortigueira, in the region of Campos Gerais. Although officially opened and already operating, Klabin confirms that, in this second half of 2016, will consolidate almost 500 million R$ (R$ 472 mi) in amount in the unit, which is considered as the largest investment by a private company in the history of the State.
In addition to the 305 million already applied R$ between July and September, more investment will be consolidated by December, as it brings the company''s report to investors. "It should be noted that the total investment in the project is approximately 8.5 billion R$, and R$ 1.5 billion has been paid in nine months of 2016 and is left open roughly the amount to R$ 167 million being paid in the four quarter of 2016," according to the document.
Adding up all the contributions made, the company will close the year with more than $8 billion invested in the project Puma. In the first year of the project (2014), the initial investment of 99 million R$. The following year, the disbursement of R$ 2.2 billion, while last year, the greatest contribution to an all-time low of $4 billion. This year, the estimated value will reach 1.7 billion.
In a conference call to journalists and investors, the Company''s General Director, Fabio Schvartsman, revealed that the Puma Unit will close the year with 90% of the total production capacity. The forecast is that reaches the 100% mark in March 2017, when completes the first year of operation and occurs the first '' shutdown ''. "The unit has already reached 100% in a few days, but after these adjustments, there will be stability," revealed the Executive. It is worth remembering that in the third quarter the Puma Unit reached the production and marketing of 300,000 tons of pulp. The plant''s production capacity of 1.1 million tons of cellulose short fiber and 400,000 tons of grain long.
Unit raises revenue
Only in the third quarter, the Puma Unit was responsible for a quarter of the revenues of Klabin in Brazil. The cellulose plant generated R$ 491 million in revenue in the quarter, adding the wood market, Klabin earned R$ 1.96 billion revenue, amount that is 36% and 16% higher compared to revenue for the third quarter of 2015 and the second quarter of 2016, respectively. Between the months of January to September, the adjusted EBITDA (earnings before interest taxes depreciation and amortization) totaled 1.63 billion R$, 19% above the value registered in the same period last year.