Mozambique and China strengthen cooperation in agriculture
File photo: Navigator Industrial Complex, Setúbal, Portugal
Portugal’s Navigator Company said on Monday its subsidiary Portucel Moçambique and Mozambique’s government had signed a memorandum of understanding regarding reformulating an investment project in the country.
The company said that is a first phase it would create a 40,000-hectare forest to supply a plant it would build with a million tonnes of eucalyptus wood chips a year for export.
The first phase results and market circumstances would be essential for Portucel Moçambique to proceed with the large-scale second phase.
The second phase includes planting more than 120,000 hectares of forest to produce paper pulp worth about €1.5 million a year.
The Navigator Company said the two sides had agreed to set up a team to address a series of conditions needed for the investment, including logistics infrastructures to export the wood chips and other rural development activities.Source: Lusa
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