MagForestry Inc., a division of MagIndustries Corp., announced the successful operation of its recently commissioned wood chip plant located in the port of Pointe-Noire, Republic of Congo. Production has achieved a target rate of about 2,000 tonnes of eucalyptus chips per day with total production to date of approximately 70,000 tonnes. The annual production target is 500,000 tonnes of wood chips. De-barked eucalyptus logs are provided to the chip mill in six metre lengths from the forestry operations of Eucalyptus Fibre Congo SA (EFC) which is 100% owned by MagForestry.
The new producer delivered its first FOB shipment of wood chips to a contract customer in Europe. The approximately 30,000 tonne shipment was successfully unloaded and payment received by MagForestry. A second 30,000 tonne ship is currently being loaded for delivery to a second customer in Europe. Total contracted sales to large European pulp and paper customers are for 400,000 tonnes annually with additional volumes planned for the spot market.
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