Port logistics facilities dedicated to the storage, handling and loading of pulp will be built on the site. Fibria estimates total investment of R$700 million  (176 Million Euro), of which R$215 million is expected to be made in 2018, R$375 million in 2019 and the remaining R$110 million in 2020. DP World Santos is a wholly-owned subsidiary of DP World, a leading enabler of global commerce and one of the world’s largest logistics and container operators that is known for its efficiency.

Port operations will start up once construction of the new warehouse and other port and logistics facilities is completed, which is expected by end-2020. Under the agreement, DP World Santos guarantees port services to Fibria and its subsidiaries through 2039, with the possibility of an extension to 2042, subject to renewal of the port authorization to be obtained by DP World Santos.

“This deal represents yet another important step in Fibria’s long-term logistics strategy to ensure, combined with its current pulp shipping structure on the right bank, even greater efficiency in our exports via Santos. Once again we are leading the industry by becoming the first company in Brazil’s pulp and paper industry to conduct logistics operations using breakbulk ships on the left bank of Santos,” said Fibria CEO Marcelo Castelli.