The company is well-positioned for the future. In the coming years, when the Galicia project opens, it will further diversify its income and increase its sales and margins, even reducing the risk. In addition, it would be a leader in the production of Lyocell.
Intriguing how a cap intensive cyclical co can compound and valued at such low multiple? What do you think the company is like in 10-20 years?
The company is well-positioned for the future. In the coming years, when the Galicia project opens, it will further diversify its income and increase its sales and margins, even reducing the risk. In addition, it would be a leader in the production of Lyocell.
Is cellulose something very difficult to produce? How is it there is just one competitor?
Yes, it is—that's why the barriers to entry are high. No, there are some European competitors such as Navigator or Iberpapel.