Brazil's Suzano announced on October 24 that it has signed an equity transfer agreement with Kimberly-Clark, and Kimberly-Clark's Brazilian tissue business and the ownership of the "NEVE" brand will be sold to Suzano.
The main assets of the transaction include a tissue paper production plant in Mojidas Cruz, São Paulo State, with an annual production capacity of approximately 130,000 tons.
In addition, other global brands currently used by KC Brasil will be licensed to Suzano for a specific period.
At the end of June this year, Suzano announced plans to build a new tissue paper mill in the Brazilian state of Espirito Santo, with an annual capacity of about 60,000 tons.
As a major global pulp and paper producer, Suzano has an annual pulp production capacity of 10.9 million tons and an annual paper production capacity of 1.4 million tons. Its products include coated and uncoated printing and writing papers, packaging papers, tissue, pulp and fluff pulp. At present, Suzano's tissue paper brands mainly include Mimmo, Floral, La Vie Blan, Scala (kitchen paper towels), and Maxx Baby (baby paper).
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