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

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July 18 (Bloomberg) -- Portucel-Empresa Produtora de Pasta e Papel SA, 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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