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Suzano S.A. (symbol: SUZ) is a leading Brazilian producer of paper and pulp with a significant presence in over 80 countries, making it the largest paper and pulp company in Latin America and one of the largest globally. Headquartered in Salvador, Suzano S.A. also maintains offices in major cities such as São Paulo, Buenos Aires, Fort Lauderdale, London, Shanghai, and Signy-Avenex.
The company primarily operates in two segments: Pulp and Paper. The Pulp segment is the principal revenue generator, contributing significantly to the company's financial health. Suzano's product portfolio is diverse, featuring printing and writing paper, paperboard, diapers, and sanitary napkins. The company owns extensive forest land in Brazil, where it manages timber harvesting operations, subsequently transforming the timber into pulp and paper at its facilities.
Recent achievements include strategic partnerships and ongoing projects that aim to enhance sustainability and innovation within the sector. For instance, Suzano has recently collaborated with Woodspin to further its commitment to sustainable practices. The company also actively engages in research and development to improve the efficiency and environmental impact of its production processes.
Suzano S.A. is financially robust, with a solid market presence and strong revenue streams from its core operations. The company continues to leverage its extensive industry experience, strategic partnerships, and commitment to sustainability to maintain its leadership position in the global pulp and paper market.
Suzano, the world's largest pulp producer, has completed the acquisition of a 15% stake in Lenzing AG, a leading global supplier of sustainable premium cellulosic fibres, for EUR 230 million. The transaction, announced in June, received regulatory approval without restrictions. As part of the long-term partnership with B&C Group, Suzano gains two seats on Lenzing's Board and an option to acquire an additional 15% stake by the end of 2028. B&C Group now holds 37.25% of Lenzing's share capital.
This strategic move aligns with Suzano's goals to expand into new markets and lead in sustainability. The acquisition is not expected to significantly impact Suzano's financial leverage or indebtedness.
Suzano, the world's largest pulp producer, reported strong financial results for Q2 2024. Adjusted EBITDA reached R$6.3 billion, a 60% increase from Q2 2023, driven by higher pulp prices, favorable FX rates, increased sales volume, and reduced production costs. Operating cash generation hit R$4.5 billion, the best quarterly result since Q1 2023. Net revenue totaled R$11.5 billion, the highest since Q4 2022.
Despite strong operational performance, Suzano reported a net loss of R$3.8 billion due to foreign exchange impacts. The company's US dollar leverage decreased from 3.5x to 3.2x. Suzano also announced the startup of its Cerrado Project, the world's largest single-line pulp mill, and strategic acquisitions including a 15% stake in Lenzing and two US-based mills from Pactiv Evergreen.
Suzano, the world's largest market pulp producer, has successfully launched its new mill in Ribas do Rio Pardo, Mato Grosso do Sul state. This US$4.3 billion investment marks the completion of one of Brazil's largest private projects. The state-of-the-art facility will produce 2.55 million tonnes of eucalyptus pulp annually, increasing Suzano's production capacity by over 20% to 13.5 million tonnes per year.
The project aligns with Suzano's ESG commitments, using renewable biomass to generate 180 MW of surplus green power monthly. The mill's proximity to eucalyptus farms reduces emissions from transportation. It will create 3,000 full-time jobs and has already invested R$ 300 million in local infrastructure, education, and healthcare improvements.
Suzano, the largest pulp producer globally, has announced the acquisition of two industrial facilities from Pactiv Evergreen in the US for $110 million. The facilities are located in Pine Bluff, Arkansas, and Waynesville, North Carolina, and specialize in manufacturing liquid packaging board and cupstock. This move marks Suzano's entry into the North American consumer and food service packaging sectors. The acquisition will add approximately 420,000 metric tonnes annually to Suzano's production capacity and includes a long-term supply agreement with Pactiv Evergreen. The transaction is expected to receive regulatory approval later this year. This strategic acquisition aims to enhance Suzano’s operational competitiveness and profitability in the region.
Suzano S.A., a leading market pulp producer, has entered a long-term partnership with B&C Group by acquiring a 15% stake in Lenzing AG for EUR 230 million, at EUR 39.70 per share. This agreement forms a majority syndicate holding 52.25% of Lenzing, with B&C retaining control. Suzano also has an option to acquire an additional 15% stake by 2028. The partnership aims to drive Lenzing's revenue growth, profitability, and global competitiveness. Both companies emphasize sustainability and operational excellence. The transaction awaits regulatory approval.
Woodspin, the manufacturer of SPINNOVA® fibre, has received Forest Stewardship Council® (FSC) Chain of Custody certification, ensuring sustainable wood sourcing transparency. The company, a joint venture between Suzano and Spinnova, uses eucalyptus hardwood responsibly grown by Suzano in Brazil. FSC® certification guarantees responsible forestry practices, with SPINNOVA® fibre offering environmental benefits compared to conventional cotton. Woodspin's modern facility in Finland produces biodegradable fibres, utilized by global fashion brands such as adidas and Bestseller.
Suzano, the world's largest pulp producer, announces its financial results for the first quarter of 2024, highlighting the near completion of the Cerrado Project, the largest capital investment project by the company. The new pulp mill, with a planned investment of R$22.2 billion, will have an annual production capacity of 2.55 million tons of pulp. Despite lower pulp prices, Suzano's leverage remains within limits. The results also show a recovery in international pulp prices, stable production costs, and positive operating cash generation.
Suzano S.A. (SUZ) has filed its 2023 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The report, available on Suzano's website, includes audited financial statements. Holders of the company's equity securities can request hard copies free of charge. Contact details are provided for further information.
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