US$ 18 billion investments in Brazil’s forestry sector expected by 2028

The forestry sector in Brazil is expected to invest around R$90 billion (US$ 18 billion) by 2028, according to the president of the Brazilian Tree Industry (Ibá) and former governor of Espírito Santo, Paulo Hartung. The figure is higher than the organisation's previous official projection, which expected investments of R$62 billion (US$ 12.4 billion) over the same period. According to Hartung, the segment has been experiencing a phase of growth, with several recent announcements of expansion projects and the opening of new factories across the country. According to Hartung, the estimate is preliminary ...