Portuguese pulp and paper maker Navigator could post record profits due to higher paper prices, according to CaixaBank.
Spanish analysts point to paper prices rising to US$1,100 per ton in March this year. ” This may be unique, but it could provide a year of historically strong results for The Navigator in 2022. »They say.
The world's largest producer of bleached eucalyptus cellulose is bracing for higher global prices that will send shares of paper producers in the Iberian Peninsula soaring.
In 2021, El Mallah once again occupies the first place in the list of exporting companies that contribute the most to the national added value, a position it has held for several years in a row, particularly in terms of its integration into the value chain of local natural resources from planted forests, but also working with more than 7,000 suppliers, most of them national.
According to recent data from the National Institute of Statistics (INE) for 2021, Navigator is the third largest exporter in Portugal, in a ranking in which half of the largest exporters are also the largest importers in the Portuguese economy.
The company represents 1% of the national GDP and about 2.4% of national exports of goods. It also employs more than 30 thousand direct and indirect jobs.
Navigator increased its sales to 1.2 billion euros for the first nine months of 2021 and said it expects the fourth quarter to be ” Strong pressure on costs » Due to the different raw material prices, which is the situation that should ” It will continue beyond 2022.”
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