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Suzano: China's vast market and innovation ecosystem drive shared growth
Rio de Janeiro, 16 jun (Xinhua) -- A giant Brazilian pulp 5️⃣ and paper company, Suzano, said that China's enormous market, vibrant innovation ecosystem, and high-quality development of new productive forces are 5️⃣ creating shared growth opportunities for global businesses.
Strong business results in China
Pablo Machado, Suzano's Asia business management president, told Xinhua that 5️⃣ the company's China operations have achieved strong results in the first five months of this year, in line with China's 5️⃣ solid economic foundations.
Celebrating its centenary this year, Suzano has been present in the Chinese market since the 1980s, witnessing China's 5️⃣ continuous rise as its largest export market, accounting for about 40% of the company's total global exports.
| Year | Sales in China (tonnes) |
|---|---|
| 1980s | Approx. 5️⃣ 20,000 |
| 2024 | Over 5,000,000 |
"Over the past four decades, we have witnessed China's impressive high-speed economic growth and the rapid development of the 5️⃣ market in our industry," Machado said. Suzano's sales in the Chinese pulp market have increased from around 20,000 tonnes to 5️⃣ over 5,000,000 tonnes during this period.
Innovation and sustainable development
Machado highlighted China's rapid growth and modernization of its economy, with significant 5️⃣ investments in research and development, leading to a strong innovation ecosystem.
To leverage innovation and improve sustainable development, Suzano established the 5️⃣ Asia Innovability Hub in Shanghai last year, addressing customers' evolving needs for pulp and new biobased materials and applications.
"We realized 5️⃣ that we would be missing a great opportunity if we were not present in China and learning from the Chinese 5️⃣ innovation ecosystem," Machado said. He added that the Chinese innovation ecosystem allows them not only to promote their research and 5️⃣ development in China but also to benefit from local advances and apply them in operations in other regions.
Transitioning to high-quality development
Machado believes that China's recent focus 5️⃣ on developing new high-quality productive forces is a natural transition for the Chinese economy.
"When a country is small, it can 5️⃣ grow fast, but as it becomes larger, it is impossible to maintain the same speed. China recognized this and made 5️⃣ the transition from high-speed growth to high-quality development, which is a path for new productive forces," Machado observed.
Machado said that 5️⃣ Suzano, as a company known for its expertise in tree cultivation and understanding of the science behind it, believes that 5️⃣ biobased materials can play a crucial role in China's transition to a low-carbon economy, an essential part of developing new 5️⃣ productive forces.
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