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Lwarcel Celulose, formerly from the Lwart Group was acquired by Royal Golden Eagle (RGE) on Aug 31, 2018, and was announced to be managed under the RGE-managed Bracell group, which operates RGE’s cellulose businesses in Brazil. The Sao Paolo-based facility has a production capacity of 250,000 tonnes of pulp per annum.[1][2]
On April 24, 2019, Bracell announced a R$7 billion investment to increase its total production capacity to 2 million tonnes by 2021.[3]