From the Newsroom*
São Paulo – Investments in the Brazilian paper and pulp industry should add up to US$ 9.27 billion in the period between 2007 and 2010. The estimate, disclosed yesterday (20), was made by the Brazilian Development Bank (BNDES). Out of this figure, the state-owned bank should finance US$ 5,42 billion.
According to the BNDES, the investments in the sector should increase in average 17% per year between 2007 and 2010. This year, spending by the bank to finance companies in the field should reach US$ 1.02 billion, an increase by 69% in comparison to 2005.
Last year, according to the BNDES, the sector sold 6 million tonnes of pulp, of which 5.2 million to the foreign market. Exports yielded US$ 2 billion. In the case of paper, 8.6 million tonnes were produced, or 2.3% of the world total. Paper sales to international markets yielded US$ 1.4 billion in 2005.
*Translated by Silvia Lindsey
