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Foreign sales of wood panels also increased in Q1 but paper shipments dropped 3.5%. Revenue from sales of the three products stood at US$ 1.8 billion.

As per the company’s newly released results, graft-related losses under probe by federal police reached US$ 2 billion based on today’s real-to-dollar exchange rate. Asset write-downs reached R$ 16.7 billion.

The event, to be held on April 29th, will have a presentation by Rubens Hannun, vice-president of Foreign Trade of the Arab Chamber. Participation is open to member and guest companies.