IRANI

What IRANI does

Irani Papel e Embalagem S.A. (B3: RANI3) is a Brazilian sustainable packaging manufacturer founded in 1941 in Vargem Bonita, Santa Catarina, and listed on B3 since 1977. The company operates an integrated production model spanning its own pine forestry base, pulp and kraft paper manufacturing (30-200 g/m², including KraftLiner, TestLiner, Miolo, Reciclado, and FineKraft), corrugated cardboard sheet and box converting, and pine resin extraction (rosin and turpentine). It maintains manufacturing units across Santa Catarina, Rio Grande do Sul, São Paulo, and Minas Gerais, plus administrative headquarters in Rio Grande do Sul, with more than 2,000 direct employees and is ranked among the four largest packaging companies in Brazil. Notable proprietary products include Brazil's first antiviral/antibacterial/antifungal paper inactivating SARS-CoV-2, Onda D and Onda DB corrugated sheets, and FineKraft fungicidal paper for plastic-free packaging. The company also runs Irani Ventures (CVC vehicle) and Irani Labs (open innovation program) investing in circular-economy startups, plus the Plataforma Gaia R$ 1.2 billion investment program (Gaia I-XII) covering capacity expansion, modernization, and energy self-sufficiency via a chemical recovery boiler.\n\nIrani sells directly to industrial B2B customers through its own sales force, targeting four primary segments: food & beverage (including meat processing/frigoríficos), retail and e-commerce, industrial packaging converters, and consumer goods manufacturers. Named customers and case-study partners include Ypê (vegan soap packaging), Pão de Açúcar/Guanabara (Vitabox for Cheftime brand), Xalingo (antimicrobial toy packaging), and partnerships with converters Papirus, Gualapack Brasil, and Mobri studio. Pricing is quote-based for industrial volume contracts with no publicly disclosed pricing model. Revenue is concentrated in three streams: sustainable packaging papers, corrugated cardboard packaging (the primary revenue driver with 6.1% volume growth in Q3 2024), and sustainable resins. The company reported R$ 1.685 billion in 2022 net revenue, Q3 2024 net revenue of R$ 426.4 million (+4.5% YoY) with a 29.4% adjusted EBITDA margin, and Q2 2025 net revenue of R$ 413.8 million (+11.6% YoY) with R$ 112.1 million net profit.\n\nIrani has positioned itself as the only Brazilian sustainable packaging company on B3's Novo Mercado (highest corporate governance tier, since December 2020), is included in the B3 ISE, IDIV, and ICO2 ESG indices, and holds ISO 9001, ISO 14064, and FSC certifications. More than 70% of production at the Campina da Alegria (SC) and Santa Luzia (MG) units comes from OCC recycling, supporting its circular-economy positioning. The company has a dividend distribution policy of up to 50% of net income when Net Debt/EBITDA is below 2.5x, with leverage controlled at 2.26x as of Q3 2024. Its customer base exceeds 70,000 shareholders and over 71,000 shareholders indicate broad retail participation following the 2020 Re-IPO that raised R$ 405 million.

Name

IRANI

Legal name

Irani Papel e Embalagem S.A.

Website

https://irani.com.br

Company type

Public

Founded year

1941

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Irani Papel e Embalagem S.A. is a Brazilian sustainable packaging manufacturer producing kraft papers, corrugated cardboard boxes, and pine resins from an integrated forestry-to-packaging platform, serving food, retail, e-commerce, and consumer goods customers.

Ownership category

akta.pro rank

Product category

Sustainable Packaging & Paper Manufacturing

NAICS

Corrugated and Solid Fiber Box Manufacturing (322211), Other Paperboard Container Manufacturing (322219), Pulp, Paper, and Paperboard Mills (3221), Converted Paper Product Manufacturing (3222)

SIC

Paperboard Containers & Boxes (2650), Papers & Allied Products (2600), Paper Mills (2621)

akta.pro primary industry

Paper-Based Protective Packaging (Kraft Paper, Honeycomb, Molded Pulp) (IMALAFAC)

akta.pro secondary industries

Flexible Paper Packaging & Wraps (kraft wrap, pouches, laminations) (IMAMAHAF), Paper-Based Packaging & Single-Use Paper Products (Paper Bags, Wraps, Cartons) (CRADALAL), Compostable & Bio-Based Packaging (PLA/PHA, Starch Blends, Cellulose Films) (IMALAMAB)

Keywords

• Kraft paper manufacturing
• Corrugated cardboard packaging
• Sustainable paper products
• Pine resin extraction
• Industrial packaging solutions

Headquarters

HQ city

Porto Alegre

HQ country

Brazil

HQ region

Latin America

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Sustainable Packaging Papers: Manufactures and sells kraft papers (30g/m² to 200g/m²) including KraftLiner, TestLiner, Miolo and Reciclado for rigid packaging applications. Revenue from domestic and potentially export sales of paper products.
2. Corrugated Cardboard Packaging: Manufactures and sells corrugated cardboard sheets and boxes for transport and packaging applications serving food industry, retail, e-commerce and delivery sectors. Primary revenue driver with volume growth of 6.1% in Q3 2024.
3. Resins (Turpentine and Rosin): Produces and sells resins derived from natural pine extraction including rosin (breu) and turpentine (terebintina) for varnish, ink, adhesive and enamel applications.
4. Wood Logs: Sales of wood logs to third parties from company's own forestry base.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Irani manufactures and sells sustainable kraft packaging papers (30g/m² to 200g/m², including KraftLiner, TestLiner, Miolo, Reciclado and FineKraft), corrugated cardboard sheets and boxes in single and double waves for industrial packaging, and natural pine-derived resins (rosin and turpentine). It operates an integrated production chain from its own forestry base through pulp and paper manufacturing to finished packaging, serving industrial customers in food, retail, e-commerce, meat processing and personal care sectors across Brazil.

Product overview

Irani Papel e Embalagem S.A. is a sustainable packaging company operating three integrated business segments: (1) Sustainable Packaging Papers producing kraft papers from 30g/m² to 200g/m² (including KraftLiner, TestLiner, Miolo, Reciclado, and FineKraft), (2) Corrugated Cardboard Packaging producing sheets and boxes in single and double waves (including specialty products like Onda D, Onda DB, Vitabox, and the Antimicrobial Line), and (3) Sustainable Resins from pine extraction producing rosin and turpentine. The company also operates the Gaia Platform for expansion projects and the Irani Labs and Irani Ventures programs for open innovation. Notable products include the first antiviral paper in Brazil and specialized antimicrobial packaging solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Irani Ventures: Corporate Venture Capital (CVC) vehicle of Irani for investing in and accelerating startups aligned with sustainability and circular economy themes. Partnered with Valetec Capital and managed by Grow+.
• Irani Labs
• Plataforma Gaia
• Irani Antecipa

Products and services

• Papéis para Embalagens Sustentáveis (Sustainable Packaging Papers) Kraft papers ranging from 30g/m² to 200g/m² for flexible packaging, including KraftLiner, TestLiner, Miolo and Reciclado for rigid packaging applications. Sold to industrial converters and manufacturers.
• Embalagens Sustentáveis de Papelão Ondulado (Sustainable Corrugated Cardboard Packaging) Corrugated cardboard sheets and boxes in single and double waves, using papers of various grammages, for sustainable packaging solutions serving the food, retail, e-commerce, meat processing and delivery sectors.
• Resinas Sustentáveis (Sustainable Resins) Natural resins from pine extraction, including rosin (breu) and turpentine (terebintina) with FSC certification, used in varnish, ink, adhesive and enamel applications.
• Papel Antiviral, Antibacteriano e Antifúngico (Antiviral, Antibacterial and Antifungal Paper) First Brazilian packaging paper with antiviral, antibacterial and antifungal technology that inactivates SARS-CoV-2 virus in up to 5 minutes. Available for industrial packaging applications.
• Chapas de Papelão Ondulado Onda D e Onda DB Corrugated cardboard sheets with greater wall rigidity and flatter surface for better print quality and improved logistics efficiency due to reduced thickness.
• Vitabox Sustainable and renewable packaging solution for delivery, take away and fast food, developed in partnership with Papirus for Pão de Açúcar's Cheftime brand. Won Prêmio Grandes Cases de Embalagem.
• Linha Antimicrobiana (Antimicrobial Line) Antimicrobial corrugated cardboard packaging line for toys and other products, developed in partnership with Mobri studio, used by toy manufacturer Xalingo for wooden building blocks packaging.
• FineKraft 100% paper packaging material with fungicidal properties used in flexible packaging applications, developed for clients including Ypê's vegan soap line Flor de Ypê without plastic composition (won ABRE bronze 2023).

Quantifiable outcome

• 53% increase in corrugated cardboard production capacity at SC packaging unit
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

15 partnerships are on record, tiered core, major and minor.

• Grow+coreImplementation/ SI/ Consulting PartnerGrow+ is a startup accelerator and investment manager that developed and manages Irani Labs startup connection program and previously managed Irani Ventures CVC. Supports Iran's open innovation strategy and startup ecosystem engagement.
• QuintessacoreImplementation/ SI/ Consulting PartnerBrazil's pioneering impact accelerator partnered with Irani for Irani Labs special ESG edition. Selected 72 startups and worked with BASF, iFood and Mercado Livre as evaluators. Delivered DemoDay with 7 finalist startups presenting pilot projects at Cubo Itaú.
• TrashinmajorStrategic or Co-development PartnerCleantech startup for reverse logistics and waste management providing 360° waste operations for large clients including Havaianas (Alpargatas) and Ibirapuera Park. Irani Ventures invested in Trashin for waste management solutions at events and circular economy alignment. Provided 500+ cardboard bins for South Summit and NEon events.
• Universidade do Oeste de Santa Catarina (Unoesc)minorStrategic or Co-development PartnerPartnership with Unoesc Joaçaba to develop equipment for precise creasing force measurement in corrugated cardboard packaging. 2-year project with Engineering professors and student researchers. Innovation open strategy connecting internal demands with external solutions.
• IsowamajorTechnology or IntegrationJapanese manufacturer of Isowa Falcon printer acquired by Irani for São Paulo packaging unit. Printer produces 1,100 tons/month capacity with high quality box closure precision for automatic packaging machines. Equipment selection involved visit to Japan in 2018.
• PapirusmajorStrategic or Co-development PartnerOne of Brazil's largest cardboard paperboard manufacturers partnered with Irani to develop Vitabox sustainable packaging for Pão de Açúcar's Cheftime gastronomy brand. Solution won Prêmio Grandes Cases de Embalagem award.
• Gualapack BrasilmajorStrategic or Co-development PartnerPackaging specialist developed Ypê Flor de Sabonete Vegano packaging using 100% Irani FineKraft paper with fungicidal properties and no plastic. Won ABRE award bronze 2023 in Estratégica-Sustentabilidade category.
• VertownminorStrategic or Co-development PartnerWaste traceability and management startup with AI/blockchain platform. 72 economic groups and 2,000+ operational units as clients. Irani Ventures and Açolab Ventures co-invested in Series A. 6.7 million tons waste reused in 2023.
• GrowPackminorStrategic or Co-development PartnerClean-tech startup producing biodegradable packaging from corn straw agricultural waste for food service sector. iFood partnership for delivery packaging solutions. Irani Ventures invested R$ 1 million approximately.
• MushminorStrategic or Co-development PartnerBiotechnology startup developing products from mycelium (fungi filaments) for furniture, packaging, lighting, décor and art. R$ 900,000 investment from Irani Ventures for factory assets and R&D. Potential complementary alternative to paper packaging.
• MobriminorStrategic or Co-development PartnerMinas Gerais design studio partnered to launch toys from Irani antimicrobial corrugated cardboard line. Xalingo wooden blocks packaging case combining health, safety, fun and creativity.
• In BrasilminorStrategic or Co-development PartnerPlastic recycling partner for mechanical recycling of plastic rejected from aggregator equipment. Partnership enabled approximately 70% reduction in waste to landfill at Campina da Alegria unit.
• Cubo ItaúminorStrategic or Co-development PartnerSão Paulo innovation hub membership providing startup connections and curation. Irani conducts DemoDay and innovation events at hub location.
• Instituto CaldeiraminorStrategic or Co-development PartnerPorto Alegre innovation hub membership for startup connections and ecosystem engagement in Rio Grande do Sul.
• The BakeryminorStrategic or Co-development PartnerRanked 19th in Best Corporations for Startups ranking by The Bakery annual award recognizing open innovation and startup ecosystem engagement.

Scale indicators18 records

Recent moves10 records

Expansion highlights6 records

Emerging players

• Mondi plc: European integrated paper and packaging group with growing presence in sustainable packaging. Comparable as a competitor in kraft paper and corrugated formats, though with different geographic footprint.

Broad incumbents

• International Paper (Brazil): Major global paper and packaging company with Brazilian manufacturing footprint producing corrugated boxes and kraft papers. Comparable in product mix and target verticals, though backed by far larger parent resources.
• Stora Enso Oyj: Nordic-based renewable packaging materials company with broad kraft paper and packaging board portfolio. Comparable as a sustainable paper-packaging producer competing for similar B2B end-customers, particularly in food and consumer goods.
• Packaging Corporation of America: US-based integrated producer of containerboard and corrugated products. Comparable as a kraft-paper-and-corrugated-board competitor with similar operational efficiency and sustainability focus, though serving North American customers.
• Smurfit Westrock: Global leader in paper-based packaging with significant Brazilian operations. Comparable as a corrugated packaging competitor serving similar food/retail/e-commerce end-markets, but operates at vastly greater geographic and product breadth.
• Suzano S.A. Brazilian market pulp giant with growing paper and packaging operations. Comparable as a vertically integrated forestry-to-paper peer with overlapping kraft paper offerings, though much larger and more globally exposed.

Direct peers

• Klabin S.A. Brazil's largest paper packaging producer, operating integrated pulp, kraft paper, and corrugated cardboard operations. Directly comparable to Irani across kraft papers, corrugated boxes, and packaging end-markets, though at substantially larger scale.
• Papirus Indústria de Papel S.A. Brazilian cardboard paperboard manufacturer and direct partner of Irani on the Vitabox co-developed product. Operates in overlapping recycled paperboard and packaging markets serving similar Brazilian industrial customers.
• Melhoramentos Papéis: Brazilian paper manufacturer producing printing/writing papers, packaging papers and specialty grades. Comparable as a domestic paper producer with overlapping kraft packaging paper portfolio.

Regional players

• Embacomer Ltda: Brazilian corrugated cardboard packaging producer focused on regional markets. Comparable in serving food/retail/e-commerce end-markets within Brazil, though smaller and more regionally concentrated.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/irani_oficial
• Facebookfacebook.com/irani.br
• LinkedInlinkedin.com/company/irani_oficial
• Instagraminstagram.com/irani_oficial

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IRANI