In 1Q19, capital investments totaled R$1,428 million, of which R$980 million was invested in forest and industrial maintenance. Investments in Land and Forests totaled R$278 million, and were aimed at capturing gains from current operations, as well as creating alternatives for business growth.


In 2019, Capex is estimated at R$6.4 billion, of which R$4.0 billion in Maintenance Capex and R$1.4 billion related to acquisitions of land and forests.

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