Suzano secures R$ 411.4 million financing from BNDES for industrial modernization and R&D
Suzano secured R$ 411.4 million in financing from the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to support its industrial modernization initiatives and advance research, development, and innovation (PD&I) projects. Of the total approved amount, R$ 280 million will be allocated specifically for the acquisition of machinery and equipment incorporating Internet of Things (IoT) technologies. This financing aims to enhance Suzano's operational efficiency and technological capabilities across its industrial facilities in Brazil. The deal underscores BNDES's commitment to fostering industrial growth and technological advancement within the country's pulp and paper sector. This investment will enable Suzano to integrate cutting-edge digital solutions into its production processes, improving competitiveness.
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