Klabin's controlling shareholders are the Klabin and Lafer families. Together they hold more than 50% of the voting shares. Klabin has over 100 years in the pulp and paper industry and counts with an experienced board of directors.                                                

 The proposed investment consists of an up to US$390 million A/B/MCPP loan financing package composed of an up to USD120 million A Loan, up to USD220 million B Loan and up to USD50 million MCPP. The proceeds will be used to fund the expansion of the Company's kraftliner capacity (the Project).                                                 

  The Project will be developed in the city of Ortigueira, state of Parana, Brazil.                                                

This is a Category B project according to IFC's Policy on Environmental and Social Sustainability. Puma II will be built inside the existing Puma I industrial site and will rely on the associated facilities built for Puma I (i.e. transmission line, roads, railroads). Key E&S issues and risks during the construction phase are linked to the influx of a large male-dominated workforce, project-induced in-migration, occupational health and safety (OHS), increase in traffic, and generation of waste. Key risks and issues for the operations phase are similar in nature and scale as those of the Puma I (i.e. OHS, provision of fair and safe working conditions, air emissions, effluents discharge, water consumption, waste generation, risks linked to wood supply and impacts on the nearby communities including Indigenous People).