Brazil’s Klabin to invest up to $287 mln in corrugated box plant

Brazilian pulpmaker Klabin SA KLBN11.SAis set to invest up to 1.57 billion reais ($286.95 million) in a new corrugated box plant in Sao Paulo state, the company said on Wednesday. 

The new unit, called Figueroa, will be built in the city of Piracicaba and will have an annual production capacity of 240,000 tons of corrugated boxes, Klabin said in a securities filing.

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