Investments in Brazilian Pulp/Paper Sector to Reach $9 Billion by 2010
SAO PAULO, Sept. 21, 2006 - Investments in the Brazilian paper and pulp industry are forcast to climb to US$9.27 billion between 2007 and 2010. The estimate, disclosed yesterday, 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, investments in the sector should increase on average of 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.
BNDES said that in 2005 the sector sold 6 million tonnes of pulp, of which 5.2 million was exported to other countries. Exports yielded US$2 billion.
As for 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, BNDES added.
SOURCE: Brazilian Development Bank