Portuguese Paper Maker Targets U.S. Printers, Contributes to Portugal's Green Initiatives
The largest Portuguese producer of “green energy” generated from biomass, gPS has also has made it a point to be a part of many environmental initiatives in Portugal. The company has invested more than US$9.6 million in fire prevention and fire fighting in the last three years; has a partnership for biodiversity management with the World Wide Fund for Nature; as well as a cooperation for the conservation of the Bonelli’s Eagle in the South of Portugal. In addition, it is a member of FSC-Portugal, the European Union initiative “Business & Biodiversity” and the UN/International Organization for Nature Conservation program “Countdown 2010.”
With a new paper mill slated to be up and running in Setúbal in August 2009, gPS expects to create 350 highly qualified jobs. The new industrial unit will be equipped with the PM4, the world’s largest and most sophisticated machine for producing uncoated wood-free paper, with a nominal paper production capacity of 551,000 tons (short)/year. With the PM4, the group aims to reinforce its position as a premium cut-size and folio supplier to European and U.S. customers.