Capital expenditure amounted to R$ 708.6 million in 1Q18, of which R$ 263.6 million was invested in industrial and forest maintenance. Investments in Structural Competitiveness and Adjacent Businesses projects amounted to R$ 110.3 million and were allocated mainly to the Tissue (Maranhão State and Bahia State) and Lignin projects. Investments in the acquisition of Facepa (R $ 267.9 million) and other projects amounted to R$ 334.7 million.

For 2018, capex is estimated at R$2.4 billion, of which R$1.2 billion corresponds to Sustaining Capex and R$1.2 billion to the Adjacent Businesses and Structural Competitiveness projects


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