(News from RISI) – Chilean Empresas CMPC has announced a $160 million investment to expand its Altamira tissue plant capacity in Mexico by 50%.
The company plans to install a new 50,000tpy tissue paper machine (PM) at that site with startup scheduled for the third quarter of 2015.
CMPC’s Altamira mill currently produces around 100,000tpy of tissue paper on three PMs.
According to CMPC, the investment project in Mexico also includes an energy cogeneration plant and converting capacity.
The Altamira plant should receive around $50 million this year. “The biggest part of the investment will be spent at the end of the project,” said CMPC’s CFO, Luis Llanos.
In October, CMPC inaugurated a new 40,000m2 tissue distribution centre at Caieiras city, in São Paulo state, southeast Brazil.
The company also runs a specialised and modern tissue paper mill in the same city with a capacity of 100,000tpy of toilet paper, napkins and paper towels.
The investment in the Caieiras DC totaled $25 million.
The company has an annual capacity of around 590,000 tonnes of tissue paper produced at seven plants in Latin America.