Company created under Mozambican Law responsible for the implementation of the largest integrated forestry project for the production of paper pulp and energy in the country.
Integrated forestry project in the provinces of Manica and Zambézia.
The Navigator Company has a strong expansion strategy, integrating the forestry investment in Mozambique, which will culminate in the construction of a pulp production plant.
In 2009 and 2011 the company was granted permits by Mozambique’s Council of Ministers to use up to 356 thousand hectares of land over a renewable period of 50 years, for what is regarded as a project offering vast social and economic benefits for Manica and Zambézia provinces, and for the country as a whole.
Once it has established its forestry operation, Portucel Moçambique will build a mill in the country to process eucalyptus into paper pulp, contributing to the Mozambique’s balance of payments and to the development of its industry and agriculture.
In December 2014, International Finance Corporation (IFC), a member of the World Bank group, acquired a 20% stake in the project, with The Navigator Company retaining 80% of the capital of Portucel Moçambique.
