Toda vez que a BNDESPAR, mediante alienação ou aquisição, por meio de uma ou várias operações, ultrapassar ou reduzir sua part


Material Fact



SUZANO PAPEL E CELULOSE S.A.

Publicly Held Company

Corporate Taxpayer ID (CNPJ/MF): 16.404.287/0001-55 Company Registry (NIRE): 29.3.0001633-1

MATERIAL FACT


São Paulo, November 12, 2015 - SUZANO PAPEL E CELULOSE S.A. (BM&FBovespa: SUZB5) ('Company' or 'Suzano'), in compliance with CVM Instruction 358 dated January 3, 2002, as amended, announces to its shareholders and the general market that the Company's Board of Directors, in a meeting held on November 11, 2015, at 5:00 p.m., approved the following investment projects (jointly referred to as 'Investment Projects'):

  1. Expansion of Suzano's annual pulp production capacity to 3.8 million tons, with industrial investments in the plants located in Imperatriz, Maranhão ('Imperatriz Unit') and in Mucuri, Bahia ('Mucuri Unit'), as well as expansion of the forestry base to supply the additional capacity. These investments total an estimated R$1.1 billion, with the works expected to be completed in the fourth quarter of 2017, and will help reduce the cash cost of production.

  2. Construction of production lines for the tissue segment at the Imperatriz and Mucuri Units, with annual production capacity of 60 thousand tons in each unit, which is expected to be concluded in the third quarter of 2017 at the Imperatriz Unit and in the fourth quarter of 2017 at the Mucuri Unit, at a total estimated investment of R$425 million.

  3. Expansion and modernization of the wastewater treatment station at the Mucuri Unit at a total estimated amount of R$100 million, which is expected to be concluded in the first quarter of 2018.

The Investment Projects are in line with the Company's strategic plan to maximize the return from its asset base by capturing efficiency gains and profitability in its operations, as well as by expanding its activities to adjacent products to pulp and with higher value added, and are approved at a time of strong cash generation by the Company.

The Company believes that the Investment Projects will increase the profitability of its operations and will not compromise its financial situation and/or debt level even during the period of execution of such projects until their operational start-up.

Suzano's Investor Relations department is available to shareholders to clarify any queries regarding the subject matter of this Material Fact notice at +55 (11) 3503-9061 or at ri@suzano.com.br.


São Paulo, November 12, 2015.

Marcelo Feriozzi Bacci Investor Relations Officer

distributed by