Fibria sees healthy wood pulp demand, bullish on second half

Wednesday, Jul 26, 2017

Brazil's Fibria Celulose SA , the world's largest producer of eucalyptus pulp, has seen demand at the high end of forecasts this month, adding to optimism about the second half of 2017, executives said on a Tuesday conference call.

Chief Executive Marcelo Castelli also said the company is weighing a bid for rival Eldorado Brasil Celulose SA, but had not yet presented an offer. Castelli added that, as far as he knew, Eldorado's shareholders had no preference of buyer.