Suzano, the world’s largest pulp producer and Kimberly-Clark formed this year a global joint venture in the tissue market, with operations in more than 70 countries and a US$ 1.734 billion investment. …“We have spoken with three to four manufacturers about shifting from a verticalized model to an integrated model with Suzano, but nothing is definitive. If it happens, we will remove volume from lower-margin markets to supply these clients,” said Leonardo Grimaldi. …Grimaldi emphasized that the joint venture will not affect the pulp volumes the company sells on the market. …According to the company, 15% of global short-fiber pulp production currently operates with negative margins, a percentage even higher for long fiber. In this context, Grimaldi described the current price level as “unsustainable” and expects an increase in permanent closures or unplanned maintenance shutdowns in the second half of the year.