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