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Paula Barcellos
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Maria Claudia Almeida
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Erica Benute
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Rogéria Gomes
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Performa ComunicaçãoInterior of São Paulo
Kamilla Barboza
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Paula Sayuri
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Performa ComunicaçãoMato Grosso do Sul
Kamilla Barboza
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Luciana Navarro
Phone.: + 55 67 9803 7092

Modified on 07.20.2010

Media | News

09.01.09 - Fibria, a newborn global leader in market pulp

The new company resulting from the acquisition of Aracruz by VCP brings together 15,000 professionals and has an annual production capacity of over 6 million tons  of pulp and paper

Fibria, the company resulting from the acquisition of Aracruz by VCP, is born. The transaction, initially reported to the market on January 20, was successfully concluded on August 26 after Extraordinary General Meetings that approved the exchange of shares. BNDESpar has a 34.9% stake in Fibria, the Votorantim Group holds a 29.3% stake and the remaining 35.8% of the shares are held by the financial market.

One of the most important transactions of its type in Brazil, the acquisition of Aracruz by VCP and the subsequent creation of Fibria reaffirms the country's position as a reference point in the production and export of pulp from renewable planted forests.

Fibria begins as a global leader, with an annual production capacity of over 6 million tons of pulp and paper, over 15,000 professionals working in seven mills located throughout Brazil and with six commercial offices abroad, located in the world's main consumer markets. Nearly all of its pulp production will be destined to the main consumer markets.

Fibria will have estimated annual revenues of R$ 6 billion, based upon the combined results of the two separate companies for the year ended June 30, 2009. Expansion projects previously announced by the separate companies will be implemented, dependant upon prospective market conditions, thereby expanding its pulp production capacity by an additional 6.7 million tons and creating over 9,000 new direct jobs.

The president of Fibria is Carlos Aguiar, and the chairman of the Board is José Luciano Penido.

With plantations in the States of Rio Grande do Sul, São Paulo, Minas Gerais, Espírito Santo, Mato Grosso do Sul and Bahia, Fibria has a broad and diversified forestry base that guarantees self-sufficiency in wood, its principal raw material. The company's total forestry area is 1.3 million hectares, of which 461,000 hectares are set aside for permanent conservation.

This forestry base will also be supplemented by nearly 120,000 hectares of renewable plantations owned by participants in Fibria's forestry development program. This program offers an important alternative source of wood for the company and the diversification of crops and revenue for participating farmers, thereby resulting in the creation of jobs and socio-economic development in rural areas.

The synergies to be captured by Fibria from the integration of the operations of the two companies are estimated to initially be R$ 4.5 billion. Operational, commercial and practical gains in sustainability will boost efficiency and competitiveness for the new company to the most demanding levels of the market. Following the best practices in corporate governance, the trading in the new company's shares will also migrate to Brazil's New Stock Market.

About the logo

Fibria originates from the word "fiber", which is the essence of our business — wood fiber from renewable plantations — and also best describes the attributes of determination and consistency present throughout the individual history of each of the  founding companies.

Fibria is committed to having and promoting attitudes based on collaboration, partnership and integration. The company's purpose is to establish itself as a global player that leads the segment not only through technical competence, expertise and financial results, but also via its socially legitimate goals.

The visual identity incorporates the elements that are naturally present in the company's activities. The green of chlorophyll, an essential element in plant life, represents the color of our eucalyptus forests, and is one of the colors within the Brazilian flag, the two basis of the company's origin. Grey and orange are secondary colors: grey being the neutrality that highlights the other colors, and orange that represents sunlight, vital energy for all forms of life.

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