Skogsaktiebolaget Eternali's ("Eternali") wholly owned subsidiary Eternali Brasil Ltda has entered into an agreement to acquire five eucalyptus plantations in Brazil. The eucalyptus plantations are located in the Almeirim region of the state of Pará, within easy reach of several deep-sea ports, which opens for export to the global market.
The plantations have been operated and managed by a joint service organisation (a cooperative) called Coopmar for several years. Eternali intends to use the existing harvesting and transport services of the cooperative and will therefore be able to offer prospective customers a quick and turnkey solution.
The plantations have been approved for FSC certification and the certification process will be finalized by Eternali after the acquisition is completed. In addition to the acquisition of the 1,300 hectares of regrowing plantation land, another 1,500 hectares of land are also acquired, which are set aside in accordance with Brazilian legislation for the protection and conservation of biodiversity.
The acquisition is expected to be completed in January 2023, after the ongoing due diligence process is finalized and final surveying of the land is done.
Eternali is a Swedish forest company with a focus on being a player in the global value chain for fast-growing wood fiber as a raw material.
