Indonesia’s RGE (Royal Golden Eagle) – the holding company of pulp and paper manufacturer APRIL Group – has boosted its global pulp capacity after acquiring Lwarcel Celulose from Lwart Group.
The acquisition of the 250,000tpy pulp mill in São Paulo, Brazil, was confirmed on 31 August.
In a statement, RGE said the purchase adds to the company’s strategy to “increase its global pulp capacity for competitive advantage”.
Lwarcel will be managed as a member of Bracell Group, which operates RGE’s cellulose businesses in Brazil.
Bracell Group will now comprise Lwarcel and Bahia Specialty Cellulose, one of the largest specialty cellulose producers in the world.
The Bracell Group will be based in Singapore, with sales offices in Asia, Europe and the United States.
RGE added that among Lwarcel’s immediate priorities was the study of potential mill expansion plans in the near future.
The company was founded in 1973 and manages a group of manufacturing companies with global operations.
