CEO of Brazil’s Suzano sees industry consolidation amid low pulp prices
(Brazil, 18 August 2016) The pulp and paper industry will face more consolidation, given that excess capacity reduced prices to their lowest in 20 years, said Walter Schalka, chief executive officer of Brazil’s Suzano Papel e Celulose SA , which ranks fifth in the sector worldwide.
Schalka also said on Tuesday that he expected companies to cut production capacity because low pulp and paper prices are reducing profitability across the board.
To read complete report Go To: http://www.reuters.com/article/suzano-papel-consolidation-idUSL1N1AX0N8 (Source: Reuters)
