Suzano-Fibria deal to create global pulp giant
By P&PC Staff
By P&PC Staff
Mar. 20, 2018 – Suzano Papel e Celulose has announced it is acquiring the assets and shares of Fibria Celulose S.A., a move that will create the largest Brazilian company in the agribusiness sector and the fifth largest non-financial company in the country, it says.
“The move strengthens Brazil’s forestry industry. The combination of Fibria and Suzano will most certainly consolidate their paths of sustained development, operational excellence, individual dedication and talent, respect for the environment and local communities and contributing to the country,” said Marcelo Castelli, CEO of Fibria, a Brazilian eucalyptus pulp producer.
The company resulting from this combination will have 37,000 employees and contractors, with assets in Brazil and around the world. Its 11 industrial units will produce annually 11 million tonnes of market pulp and 1.4 million tonnes of paper, with annual exports of around BRL 18 billion and investments planned for 2018 of about BRL 6.4 billion.
“Our dream of creating this company is now becoming a reality,” said Walter Schalka, CEO of Suzano Papel e Celulose. “We plant, harvest, produce and transform pulp, a renewable raw material that is the basis for products that are part of the lives of people all over the world.”