Suzano’s board approves loan for tissue projects

Print this Article | Send to Colleague

According to the company, the loan will be amortized in up to 132 monthly installments due after a grace period of 48 months. The interest rate was fixed at 10% per year, due quarterly during the grace period and monthly during the amortization period.

Suzano’s total investment in the tissue projects is estimated at Real 425 million (US$131.8 mllion), including two paper machines, each with capacity to produce 60,000 tonnes/yr of paper. The equipment will be supplied by Voith. Both Imperatriz and Mucuri tissue machines will produce jumbo rolls to be supplied to toilet paper converters in the northeast region of Brazil.

Production at Imperatriz is expected to begin in the third quarter of 2017 and the Mucuri machine should start operating in the fourth quarter of the same year.

Back to Tissue360 Newsletter