Cia. Suzano De Papel e Celulose Announces Market Pulp Capacity Expansion; Board of Directors Gives the `Go-Ahead' for the Detailed Engineering and Economic Feasibility Studies.Business Editors SAO Sa´o n. 1. (Zool.) Any marine annelid of the genus Hyalinæcia, especially H. tubicola of Europe, which inhabits a transparent movable tube resembling a quill in color and texture. PAULO, Brazil--(BUSINESS WIRE)--Dec. 22, 2003 Cia. Suzano de Papel e Celulose (the "Company") -- (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CSZPY) (Bovespa: SUZA4) (Latibex: BRSUZAACNPR9; ADR ADR - Astra Digital Radio level I), one of the largest integrated producers of pulp and paper in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , announces that on Dec. 19, 2003, the Board of Directors of Cia. Suzano de Papel e Celulose and of its subsidiary Bahia Sul Celulose gave the "go-ahead" for the detailed engineering and economic feasibility studies The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. for the second pulp line on the Bahia plant, in Mucuri, at Bahia Sul Celulose SA. With an annual production capacity of 1.0 million tons, the new line involves investments of approximately US$ 1.2 billion and the start-up is expected for the first quarter of 2007. With this second pulp line, the total annual capacity of the Bahia plant will reach 1.65 million tons. The detailed engineering studies and the plan for a long-term funding structure compatible with the expansion project will be immediately started, and the final approval is expected for the second half of 2004. The Company's Management believes that this project will significantly expand the future business prospects of the Company and, considering its cost competitiveness and production scale, represents another step towards the consolidation of an important position in the global eucalyptus eucalyptus (y  'kəlĭp`təs): see myrtle. eucalyptus pulp market. Cia. Suzano de papel e Celulose is one of the largest fully integrated producers of pulp and paper in Latin America, with a pulp capacity production of 1.005 thousand tons and paper capacity production of 775 thousand tons. The Company offers a broad range of pulp and paper products for the domestic and international markets, with a leadership position in key Brazilian paper market segments. The Company has four lines of principal products: (i) eucalyptus pulp; (ii) uncoated woodfree printing and writing paper; (iii) coated woodfree printing and writing paper; and (iv) paperboard. The Company's shares are listed on the Level 1 of Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. of the Bovespa (SUZA4), on Latibex, in Madrid and an ADR Level 1 program is also available to US investors. |
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