SÃO PAULO, BRAZIL – Salvador-based Suzano has announced an investment plan of R$ 4.4 (US$ 1.1) billion for the year 2020, which will be applied to maintenance and expansion of its business.
According to the company, R$3.6 billion will go to maintenance, and the expansion and modernization projects will have a disbursement of approximately R$300 million.
In addition, Suzano will invest an additional R$400 million in the acquisition and/or formation of land and forests. And the ongoing projects in the ports of São Paulo and Maranhão will move approximately R$100 million in payments over the course of 2020.
In addition to the investments, Suzano announced that it will manage, through subsidiaries, approximately 100,000 hectares of land and an Installation License for a pulp mill, with annual capacity of up to 2.2 million tons, in the region of Ribas do Rio Pardo, in Mato Grosso do Sul.
Suzano Papel e Celulose is a Brazilian pulp and paper company present in over 80 countries. It is the largest pulp and paper company in Latin America. The company is headquartered in Salvador and has offices in São Paulo, Buenos Aires, Fort Lauderdale, London, Shanghai and Sidney, and is one of the largest in its sector in the world.
The company is a leader in the paperboard market in Latin America. It is among the ten largest producers of market pulp and the largest producer of eucalyptus pulp in the world.
This achievement was possible thanks to the growth cycle completed in 2007, which paved the way for increased production capacity. In 2017 saw a record volume of 1.2 million tonnes of paper production and 10.8 million tons of pulp production