Suzano to invest $5bn
Those looking at property for sale in Brazil could be interested to hear one of the country’s paper and pulp firms has announced it is to invest $4.8 billion (£2.4 billion) over the course of the next seven years to double its production capacity.
Suzano unveiled its plans which hint at economic buoyancy in the nation – which could have a positive effect on Brazil real estate – adding it is open to acquisitions.
The firm will also spend a further $700 million on tree plantations in three areas of the country to ensure its timber supply.
Antonio Maciel Neto, the organisation’s chief executive, told reporters at a news conference the firm is looking forward to the acquisition opportunities.
"If there’s an acquisition opportunity abroad or in Brazil, and we judge it to be in our best interests, we could either issue debt or tap the capital market to raise money," he added.
Meanwhile, in other news Amberlamb recently described the Brazilian investment market as very strong.
