Portucel to Bet on Mozambique as New Growth Region, CEO Says

Portucel-Empresa Produtora de Pasta e Papel SA (PTI), Portugal’s biggest paper company, is betting on Mozambique to increase production as it lacks resources at home to raise output, its chief executive officer said.

Mozambique is “clearly a project” that will become a second platform for Portucel to grow, Chief Executive Jose Honorio said at a conference in Lisbon today.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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