Just weeks before the mill is scheduled to shut down, officials with Northern Pulp have informed the Nova Scotia government they plan to continue with the environmental assessment process for a proposed new effluent treatment facility. Environment Minister Gordon Wilson said last month the company's most recent attempt to get approval for the project, which would include treatment on the mill's property in Pictou County and treated effluent sent to the Northumberland Strait via a pipeline, lacked sufficient scientific information. At the time, Wilson said the project would require an environmental assessment report. Just days later, Premier Stephen McNeil said he would not extend the deadline in the Boat Harbour Act, legislation that says the mill must stop using the former tidal estuary to treat its effluent as of the end of this month. The decision effectively spelled the end of the mill and officials have begun the shutdown process. The operation is no longer buying pulpwood, a move that's had a drastic effect on the forestry sector and value of woodlots, and layoff notices for the mill's 350 workers are imminent.
Suzano S.A. (B3: SUZB5 | NYSE: SUZ), one of the largest pulp and integrated paper producers in the w orld, announces today its consolidated results for the f irst quarter of 2019 (1Q19). Data of comparison quarters (4Q18, 1Q18 and LTM4) are a simple sum or the w eighted average of Suzano + Fibria.
* Merger of Fibria concluded on April 1, 2019 and tranding name change to Suzano S.A.
* Adjusted EBITDA¹ and Operating cash generation² of R$2.8 billion and R$1.8 billion, respectively.
* Pulp adjusted EBITDA¹/ton of R$1,480/ton.
* Average net sales price of pulp in the export market of US$711/ton.
* Average net sales price of paper of R$4,000/ton.
* Synergies – capture curve as planned.
* Pulp cash cost mainly impacted by higher fixed cost: R$667/ton ex-downtimes.
The beginning of 2019 was marked by a challenging market scenario. Pulp demand in the first quarter, which is traditionally weaker, was further affected by uncertainties related to macroeconomic factors and the weak performance of the graphic paper segments, especially in the Asian and European markets. However, the market conditions showed an improvement in the demand at the end of the quarter, especially in Asia.
Suzano sold 1,729 thousand tons of market pulp in 1Q19 (including Klabin volumes), 17% less than in 4Q18 and 30% in comparison to 1Q18, due to its commercial strategy.
Average net price in U.S. dollar of Suzano was US$705/ton in 1Q19, down US$32/ton (-4%) and US$13/ton (-2%) compared to 4Q18 and 1Q18, respectively. Average net price in dollar in the export market was US$711/ton (-4% vs. 4Q18 and -2% vs. 1Q18).
more detail at: http://ir.suzano.com.br/ptb/7575/13986_689051.pdf