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Posted on 522 Suzano, a global reference in the manufacture of bioproducts developed from the cultivation of eucalyptus, reported operating cash generation of R$3.9 billion in the 1Q21, which represents growth of 65% over 1Q20. The figure is the highest quarterly result since the creation of Suzano S.A., in January 2019, considering the company’s historical data and the proforma figures since the 3Q18. The result in the period was supported by strong sales volume, higher international pulp prices, the favorable exchange rate for exports, and rigid control of production costs. In the 12 months to March 2021, operating cash generation came to R$13.1 billion, with the result contributing to the company’s decision to embark on a new expansion cycle. ....
RIO DE JANEIRO, BRAZIL - Suzano, the largest pulp and paper company in Latin America, announced on Wednesday, May 12, that it will invest R$14.7 (US$2.8) billion to build what it considers the world s largest single-line eucalyptus pulp mill, scheduled to start operating in Ribas do Rio Pardo (MS) in early 2024. The new unit will have annual pulp production capacity of 2.3 million tons. The average distance of the wood to supply the unit will be 60 kilometers, compared to more than 100 kilometers for other company units, which will render the facility . . . To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here ....