Press release launched on the day that more than 30 European non governmental organisations (NGOs) delivered a letter calling on governments not to fund a new pulp mill proposed by Asia Pulp and Paper (APP), one of the world's most controversial pulp and paper companies. The plant is planned to be build in Sumatra, Indonesia where APP is estimated to have already pulped more than two million hectares of natural rainforests. This new mill would produce between 1.5 and 2.0 million tonnes per year of bleached hardwood pulp, making it the largest single pulp line in the world.
Asia Pulp & Paper (APP) default on its obligations to Export Credit Agencies
June 12, 2012