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Chile's Copec SA approves expansion plan with estimated investment of $2.35 bln

SANTIAGO, July 24 (Reuters) - Chilean industrial conglomerate Empresas Copec SA said on Tuesday it approved the expansion of a cellulose production project, which will require an estimated investment of $2.35 billion.

Arauco, the forestry unit of Empresas Copec said the Modernization and Expansion Project for the Arauco Plant in Chile’s south includes the construction and operation of a new production line for 1.56 billion tonnes of bleached pulp. (Reporting by Cassandra Garrison; editing by Diane Craft)

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