Suzano Eyes 10% Stake in Port of Aracruz Container Terminal
Brazilian pulp producer Suzano is set to acquire a minority stake in a new 1.2 million TEU container terminal project at the Port of Aracruz.
Brazilian pulp major Suzano is poised to take a 10% equity position in Hanseatic Global Terminals Aracruz, according to local market reports.
The investment connects the forestry and pulp company to the ongoing development of a major container shipping installation at the Port of Aracruz in Brazil.
Once completed, the new terminal facility is projected to handle an annual throughput volume of approximately 1.2 million TEU, significantly expanding logistical capabilities in the area.
Reports indicate that the proposed transaction and the acquisition of the equity share are tied to land parcels designated for the terminal project.
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