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23.08.24 11:18

Economy

Brazil's pulp and paper sector announces investments

Investment plan promises to create around 36,000 jobs during the works and another 7,000 permanent vacancies

The paper and pulp sector announced an investment of R$105 billion (US$19,1 billion) in Brazil until 2028, during a meeting with President Luiz Inacio Lula da Silva. The resources will be used to build new mills, expand existing mills and improve logistics infrastructure. This is reported by Brasil 247, a partner of TV BRICS.

The investment plan promises to create around 36,000 jobs during the works and another 7,000 permanent vacancies once operations begin.

Brazilian Vice President Geraldo Alckmin noted that Brazil is a major exporter of the product.

"Brazil is the world's largest exporter of pulp. The sector is of great environmental and economic importance, it is a highly valued generator of foreign exchange, the sixth largest Brazilian exporter, important to Brazilian GDP," Alckmin said.

Photo: iStock

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Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

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Prime Minister of Thailand

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President of the Republic of the Philippines

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Prime Minister of Malaysia

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President of the Russian Federation

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