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Loan for Forestation, Woodchip Manufacturing and Sales Project in Brazil
Supporting Japanese Business for Securing Long-Term Stable Supply of Woodchips

  • Region: Latin America and the Caribbean
  • Energy and Natural Resources
  • Manufacturing and Services
  • Overseas Investment Loans
NR/2012-39
August 24, 2012
  1. The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed today a loan agreement totaling up to 63 million U.S. dollars (JBIC portion) with Amapá Florestal e Celulose S.A. (AMCEL), a Brazilian company where Japanese enterprises have equity stakes.  The loan is cofinanced with a private financial institution, which brings the overall cofinancing amount to 90 million U.S. dollars.
     
  2. This loan will finance the eucalyptus forestation as well as the manufacturing and sales project of woodchips from forested eucalyptus by AMCEL in the Amapá State of the Federative Republic of Brazil. AMCEL is expected to manufacture about a half million BD (bone dry weight) tons/year of woodchips from 2013 and export them to Japan and countries in the Asian, European and North American regions, etc.
     
  3. Japan is purchasing most of its woodchips from foreign countries to meet its domestic demand arising from the raw material for paper production. The world demand for woodchips is projected to get tighter over the medium and long term in view of economic growth in emerging economies, including China. This project is expected to contribute to a secure, long-term supply of woodchips from forested plants.
     
  4. JBIC will continue to actively support the promotion of development and the acquisition of natural resources, including woodchips, by Japanese firms.

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