VIENNA, July 31 (Reuters) - Austrian engineering group Andritz signed a letter of intent to supply all equipment for Brazilian eucalyptus pulp maker Fibria’s Horizonte mill, which it said was set to become one of the largest of its kind worldwide.
Andritz said on Fridya the order value would not be disclosed, adding that comparable orders are typically worth around 600 million euros ($657 million).
The new production line will add an annual capacity of 1.75 tons to Fibria’s plants in the state of Mato Grosso do Sul, bringing the site’s total capacity to 3 million tonnes.
The contract is expected to be finalised in the third quarter of this year while production should start in the fourth quarter of 2017, Andritz said. ($1 = 0.9130 euros) (Reporting By Shadia Nasralla; Editing by Georgina Prodhan)