Markets · Industry

—The company. Suzano is the world’s largest producer of pulp, the wood fibre that becomes paper and tissue.

—The record. It sold about twelve and a half million tonnes of pulp over the year, the most in its history.

—The shift. The Brazilian giant is moving up the value chain, from raw fibre toward branded consumer products.

—The deal. A multibillion-dollar joint venture with an American partner is set to close around the middle of the year.