RGE acquires, from Lwart Group, Lwarcel Celulose, a paper mill of 250 thousand tons in San Paolo, in Brazil, which enables RGE to increase its own global production capacity of cellulose in order to obtain a competitive advantage. Lwarcel will be managed as a member of the Bracell Group, active in the cellulose sector in Brazil. The Bracell Group will therefore include Lwarcel and Bahia Specialty Cellulose, one of the largest producers of speciality cellulose in the world.
The Bracell Group will have its headquarters in Singapore and sales offices in Asia, Europe and the United States. Amongst the immediate priorities of Lwarcel is the study of potential expansion plans for the factory.