Suzano is prepared to deal with exchange rate volatility and cellulose prices, said the company’s CEO, Beto Abreu, in an interview with CNN Money.
The North American currency has operated under strong pressure in recent weeks, with the market’s attention divided between the Brazilian fiscal scenario and expectations regarding the elections in the United States.
“The exchange rate movement is always important. What we need is to always be prepared for any scenario, be it commodity prices or exchange rates, and that is what we are doing”, Abreu tells CNN Money.
In the case of Suzano, the dollar exchange rate is crucial, since, according to the CEO, 80% of the company’s revenue comes from exports and an important part of its debt equivalence is linked to the North American currency.
With the US presidency, the expectation is that the North American exchange rate will appreciate even more.
“When I talk about being prepared, in the case of a company like Suzano, which has a very relevant position from a production point of view in the global market, our objective is to always be evolving in competitiveness”.
The CEO states that the company is responsible for a third of global short fiber production, in order to consolidate a dominant volume and cash position in the world.
