Euro10.5million credit facility for IBEMA expansion

The leading Brazilian paper producer, IBEMA - Companhia Brasileira de Papel, has secured a Euro10.5 million (approx. $9.37 million) credit facility from German bank DEG in a deal closed on December 12, 2001. IBEMA will use the funds to expand the capacity of its plant in Turvo, in the southern state of Paraná.