With an investment of around BRL 600 million, the giant national company Suzano intends to build a new industrial unit in Espírito Santo
Suzano, the largest global producer of eucalyptus pulp and one of the 10 largest companies in market pulp, announced on June 30 that it intends to carry out a project to build an industry located in the city of Aracruz, in the state of Espírito Santo. The new factory, which will be dedicated to the production of tissue paper and transformation into paper towel and toilet paper, would have the capacity to generate 60 thousand tons per year.
The Brazilian pulp and paper company – who is recruiting candidates for various job vacancies – is estimated to make a large investment in the construction of the new factory in Espírito Santo, in the order of 600 million reais, approximately. In addition, Suzano states that the total duration of construction should be two years, considering the date of approval of the project.
Company depends on Espírito Santo authorities to carry out the project with ICMS credits
According to a statement sent by the company to the Securities and Exchange Commission (GVC) and disclosed by the Broadcast news vehicle, Suzano intends to use its ICMS credits available in Espírito Santo for the construction of the factory. Check it out: “Suzano intends to make the investment using the balance of ICMS credits it has in the state, which will depend on the presentation of a specific project and authorization from the competent authorities”.
So far, the effective implementation of Suzano's new industrial unit in Espírito Santo still depends on the legal approval of the company's own internal bodies, including the Board of Directors. In addition, it is also subject to the execution of contracts with the suppliers involved.
Finally, Suzano points out: “The construction of the new factory in Aracruz is in line with Suzano's strategy of moving forward in the links of the chain, always with a competitive advantage, such as in the growing Brazilian market for sanitary products”.
About Suzano
Suzano is a Brazilian pulp and paper company, founded in 1924. It is the world leader in the paper market, being the largest global producer of eucalyptus pulp and one of the 10 largest pulp producers. The national giant is headquartered in the city of Salvador and administrative headquarters in São Paulo, with factories spread across Brazil and operations in about 60 other countries.
Its operation is divided into three business units: Paper, Pulp and Forestry.
The company has a firm base of research and innovation, in addition to a strong international presence, having already made direct investments in startups. Futuragene, for example, which consists of a biotechnology company focused on forest improvement, is currently a wholly owned subsidiary of Suzano.
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Suzano will invest US$ 70 million in a program to encourage startups, with the aim of boosting open innovation in the low-carbon area
Suzano, the world's largest producer of eucalyptus pulp, announced the launch of Suzano Ventures, the company's Corporate Venture Capital (CVC). The initiative will allocate US$ 70 million in resources for investment and promotion of startups. Through it, Suzano hopes to streamline the open innovation process and become a global platform for encouraging entrepreneurship focused on solutions for the bioeconomy based on planted forests.
The company declared, in a statement sent to the Brazilian Securities and Exchange Commission (CVM), that the focus of investments made by Suzano Ventures will be on cellulosic biomass technologies and applications; agrotechnology companies that accelerate agroforestry productivity; cellulosic packaging and carbon capture, measurement and management, in businesses ranging from the laboratory phase (pre-seed) to the more structured ones (series A).
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