Suzano has proposed a 51% joint venture with Kimberly-Clark to jointly operate their tissue division outside the U.S. The deal covers Kimberly-Clark's tissue operations in Asia, Oceania, Europe, and Central America, spanning 22 mills in 14 countries. The share's upside is 38%, because the market can understand the JV as a first step for the company to have more diversified businesses.
SÃO PAULO--(BUSINESS WIRE)--Suzano, the world's largest pulp producer, and Kimberly-Clark, a global leader in the consumer staples industry, today announced the creation of a US$3.4 billion joint venture focused on the manufacture, marketing and distribution of consumer and professional tissue products, such as toilet paper, napkins, paper towels and facial tissues in over 70 countries. Suzano ...
Forms Strategic Partnership with Suzano That Will Create Preeminent International Tissue and Professional Products Company Sharpens Kimberly-Clark's Focus on Higher Growth, Higher Margin Personal Care and North America Tissue and Professional Categories Clears Path to Capture Huge Opportunities Across Kimberly-Clark and Newly Formed Venture to Drive Significant Shareholder Returns DALLAS and S...
Kimberly-Clark is nearing a sale of its Kleenex and tissue businesses outside of North America for around $3.5 billion to Brazilian pulpmaker Suzano , the Wall Street Journal reported, citing people familiar with the matter.
Suzano faced cash cost pressures from maintenance downtime, but Cerrado volumes and favorable supply effects helped defend against declining pulp prices. Key highlights include a 6% net debt decline on a quarterly basis which demonstrates the fast deleveraging rate. Higher wood and logistics costs impacted margins in addition to downtime, but some a positive vector to pulp cash costs will be in...
SÃO PAULO--(BUSINESS WIRE)--Suzano, the world's largest pulp producer, announces its first quarter results for 2025 (1Q25) with record net revenue of R$11.6 billion, up 22% on the same quarter last year (1Q24). The result was driven by the exchange rates, increased pulp sales volumes from the new Ribas do Rio Pardo mill, higher paper volume and prices and the positive contribution from our pape...
SÃO PAULO--(BUSINESS WIRE)--Suzano S.A. (B3: SUZB3 | NYSE: SUZ) informs that its 2024 Annual Report on Form 20-F was filed today with the U.S. Securities and Exchange Commission. Holders of the Company's equity securities can receive hard copies of the Annual Report, including its audited financial statements, without charge by request directed to: ri@suzano.com.br. This document is also availa...
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