At war with J&F, Paper billionaire meets with US governors – 5/9/2023 – Panel SA

Indonesian billionaire Jackson Wijaya, owner of Paper Excellence, has breakfast at a hotel in New York (USA) this Wednesday (10) with seven Brazilian governors and the mayor, Arthur Lira.

The governors Wilson Lima (AM), Ratinho Jr (PR), Eduardo Leite (RS), Romeu Zema (MG), Mauro Mendes (MT), Renato Casagrande (ES) and Helder Barbalho (PA) confirmed their presence.

They participate in Lide, an event promoted by João Doria. Paper is represented by its president, Claudio Cotrim.

Coffee is a reserved meeting promoted by Doria.

Paper informs that the idea is to present its controlling shareholder to the governors and the mayor.

Jackson, as he is known, will say that he intends to invest R$ 16 billion buying pulp mills outside Mato Grosso, where Eldorado is located — a company in which Paper owns 49% and disputes control with the Batista brothers in court.

This money is added to another R$ 16 billion, an amount that Paper also says it wants to invest in the construction of a new Eldorado factory in Três Lagoas (MT), if the corporate imbroglio is resolved.

“We have ambitious plans for the pulp and paper sector not only in Mato Grosso do Sul, where we already have a factory, but also in other states of the country”, said Cláudio Cotrim, CEO of Paper in Brazil.

“In the pulp sector, we have to be close to the raw material and many states have potential for forest production. In the paper sector, we have to be close to consumer markets and, in this case, all states are in our sights to investments.”

With Diego Felix

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