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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 2️⃣ and paper company, Suzano, said that China's enormous market, vibrant innovation ecosystem, and high-quality development of new productive forces are 2️⃣ creating shared growth opportunities for global businesses.
Strong business results in China
Pablo Machado, Suzano's Asia business management president, told Xinhua that 2️⃣ the company's China operations have achieved strong results in the first five months of this year, in line with China's 2️⃣ solid economic foundations.
Celebrating its centenary this year, Suzano has been present in the Chinese market since the 1980s, witnessing China's 2️⃣ 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. 2️⃣ 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 2️⃣ market in our industry," Machado said. Suzano's sales in the Chinese pulp market have increased from around 20,000 tonnes to 2️⃣ 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 2️⃣ investments in research and development, leading to a strong innovation ecosystem.
To leverage innovation and improve sustainable development, Suzano established the 2️⃣ Asia Innovability Hub in Shanghai last year, addressing customers' evolving needs for pulp and new biobased materials and applications.
"We realized 2️⃣ that we would be missing a great opportunity if we were not present in China and learning from the Chinese 2️⃣ innovation ecosystem," Machado said. He added that the Chinese innovation ecosystem allows them not only to promote their research and 2️⃣ 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 2️⃣ on developing new high-quality productive forces is a natural transition for the Chinese economy.
"When a country is small, it can 2️⃣ grow fast, but as it becomes larger, it is impossible to maintain the same speed. China recognized this and made 2️⃣ the transition from high-speed growth to high-quality development, which is a path for new productive forces," Machado observed.
Machado said that 2️⃣ Suzano, as a company known for its expertise in tree cultivation and understanding of the science behind it, believes that 2️⃣ biobased materials can play a crucial role in China's transition to a low-carbon economy, an essential part of developing new 2️⃣ productive forces.
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