Suzano Gains as New Pulp Mill Set to Start Operations in July

Published 26 June 2024, 10:05:37 [BFW]
By Leda Alvim

(Bloomberg) -- Shares in Suzano SA gain as much as 3.5% in Sao Paulo Wednesday after the company said that its new pulp mill is set to start operating in July.

• The stock traded at 51.19 reais as of 10:48 a.m. in Sao Paulo; SUZB3 leads gains on the Ibovespa index
• Operational start-up of the pulp mill located in Ribas do Rio Pardo, in Mato Grosso do Sul state, will take place in July 2024
• “Despite the slight delay, Suzano confirmed that all other information and estimates about the project are still valid and unchanged. Hence, we do not foresee any material impact from this development,” writes Lucror Analytics’ Filipe Botelho