Suzano Pulp & Paper has said its third quarter results show “a successful conclusion” to the projects that will prepare the company for the future.
It reported operating cash generation of R$906m, increasing from R$507m in the same time a year earlier.
Adjusted EBITDA was R$1.186bn, an increase of 54.5%, while for the three months of 2017 it recorded pulp and paper sales volumes of 3.5m tonnes.
Chief executive Walter Schalka said: “In addition to the strong operating and financial results, the quarter was marked by other important corporate advances.”
This includes the company being listed on the Novo Mercado segment of the São Paulo Stock Exchange.
It also concluded the debottlenecking project at the Imperatriz Unit in Maranhão state, which increased the plant’s annual production capacity to 1.65m tonnes, as well as the start-up of tissue production (sanitary papers) at the Mucuri Unit in Bahia state.
The entry into the tissue segment was accompanied by the creation of the Consumer Goods Department and the hiring of executives to lead the team.
“The quarter was marked by the successful conclusion of many important projects to prepare Suzano Pulp & Paper for the future,” Schalka added.
The company is the world’s second largest eucalyptus pulp producer and Latin America’s largest producer of printing and writing papers.
It is a subsidiary of Suzano Holding and part of the Suzano Group.
It has five industrial units in Brazil, international offices in six countries and a global distribution structure ready to supply over 60 countries.
In addition to pulp, Suzano produces coated and non-coated printing and writing and packaging paper, tissue paper, fluff pulp and Lignin.