Suzano Leadership Shake-Up Removes Three Vice-Presidents

Suzano S.A. (SUZ) reported 2Q26 Adjusted Free Cash Flow of R$3.3B, up from R$0.6B in 1Q26 and R$2.6B in 2Q25, citing higher prices and stronger volumes. Operating Cash Generation was R$2.9B. The company said net debt at closing was about US$1.0B after a July 1, 2026 closing.

Arbex, the Kleenex tissue maker, told Reuters it plans to add about 10 percentage points of global market share with a new $3.4 billion joint venture involving Suzano after Kimberly-Clark sold a 51% stake in its international tissue business. Arbex aims for 1-2% annual revenue growth and to raise share from 24-25% toward over 35%, investing $100-120m yearly.

Suzano said it completed its purchase of a 51% stake in FamPro Tissue Holdings B.V. from Kimberly-Clark, forming the Arbex joint venture. Arbex began operations July 1 and will produce and distribute consumer and professional tissue products across 70+ markets. The $3.4B JV includes 22 sites in 14 countries and 40+ brands; Abou-Oaf becomes CEO.

Suzano reported record sales in the 12 months ended March, selling 12.7 million tonnes of pulp and 1.7 million tonnes of paper, driven by capacity from its Ribas do Rio Pardo mill and operational efficiency, according to the company. For Q1 2026, it reported 3.2 million tonnes total sales and BRL 11.0 billion net revenue, BRL 4.6 billion adjusted EBITDA, and BRL 4.3 billion net income. Suzano also cited pulp prices above end-2025 expectations and said net debt was $13.0 billion (net leverage 3.3

Nvidia plans to raise prices for AI-related servers, including Vera Rubin and Grace Blackwell models, by over 15% for some customers, according to Bloomberg. The increases, varying by chip generation and memory, will apply to systems shipped next year. The company faces rising memory chip costs.

Unifor and General Motors reached tentative labor agreements for 4,600 workers in Ontario, including wage and benefit increases. The deals follow a similar pattern to Unifor's agreement with Ford. Ratification votes are scheduled for August 29-30. GM Canada's managing director noted the deal aligns with their investments in Canadian manufacturing.