More information about ALTRI SGPS

Altri is a leading Portuguese eucalyptus pulp producer and one of the most efficient European producers. The company is listed on Euronext Lisbon and a member of it's main index the PSI20. Altri main focus is the production of eucalyptus pulp, being one of the lowest cost producers in Europe. Altri’s three pulp mills – Celbi, Caima and Celtejo – will have a technical capacity to produce above 1,000,000 tonnes per year. Breakdown as follow: Celbi - around 700,000 tonnes per year; Celtejo - around 200 tonnes per year; Caima - around 100 tonnes per year. Celbi and Celtejo produce BEKP. Caima is producing DP. Currently Altri manages around 84,000 ha of forest in Portugal all certified by the Forest Stewardship Council (FSC) and PEFC the main references in forest certification worldwide. The wood self-sufficiency rate stands around 25%. To optimise forest management Altri acquired a 50% stake in EDP Bioelectrica (a joint venture in equal shares with EDP) to develop a single renewable source of energy: biomass. This company has nowadays 62 MWh in operation. Apart from the biomass the company also has a strong focus on cogeneration. The pulp mills operated by Altri are entirely self sufficient on power that is produced through the burning of wood components not suitable for pulp production - the black liquor. Altri’s rapid growth has been fuelled by successful acquisitions (Celtejo in 2005 and Celbi in 2006) and further integration and expansion. The main investment decision metric is Return on Capital Employed. Our strategy is to maximize the value from our main asset – the forest – and to continue growing the pulp business, adding new incremental capacity through debottlenecking projects and through new value accretive options