Suzano expects to reduce production of market pulp in 2024 by 4%

Suzano expects to reduce its production volume of market pulp in 2024 by approximately 4% when compared to its nominal production capacity (not including Cerrado Project).

Suzano’s new pulp mill located in Ribas do Rio Pardo (state of Mato Grosso do Sul, Brazil), which the company named “Cerrado Project” while under construction, started-up in mid-July 2024 and has the capacity to produce 2.55 million tons per year of eucalyptus pulp.

Not including the new Ribas do Rio Pardo pulp mill, Suzano’s installed production capacity of market pulp is about 10.9 million tons per year.

Suzano explained that the decision to reduce market pulp production is based on the fact that this production volume would not bring adequate returns for the company during a more complex pulp market period. However, Suzano emphasized that the change in its production volume will not impact the compliance with its obligations undertaken with clients, as well as suppliers.

Suzano noted that the operation of the Ribas do Rio Pardo Unit continues as expected with a production volume of 900,000 tons remaining for the year 2024.