In July 2008, Brazil’s Suzano announced that it plans to invest US$6.6 billion to expand its operations over the next seven years:
- US$5.4 billion in three new pulp mills;
- US$500 million to expand the company’s existing pulp mill in Bahia; and
- US$700 million on expanding the company’s area of industrial tree plantations.
If all the expansions go ahead as planned, Suzano’s pulp production will increase from a current total of 4.3 million tons a year to 7.2 million tons a year by 2015.