SAO PAULO, July 22 (Reuters) - Brazil's Suzano

, the world's largest pulpmaker, is looking to expand

its paper footprint internationally while continuing to increase

production at home, the company's chief financial officer told

Reuters.

Suzano's global expansion, however, won't come at any price,

according to Marcelo Bacci.

"We are looking for good companies, but we will continue to

be disciplined, setting a limit price to pay, because we can't

make mistakes," he said in an interview.

Earlier this year, Suzano engaged in talks to buy

U.S.-based International Paper ( IP ), in a deal that could

reach close to $15 billion. The firms, however, did not come to

an agreement as IP decided to go ahead with negotiations to

acquire British rival DS Smith ( DITHF ), Bacci said.

"Talks are over, I do not see any possibility of resuming

them now," the executive said, while noting Suzano is still open

to new deals both in Brazil, where it is increasing pulp

production, and abroad, where it is focusing on the

manufacturing of different kinds of paper.

That is part of a strategy to move further downstream the

value chain, he said.

On Sunday, Suzano started operating its Cerrado Project, the

world's largest single pulp production line, which will reach an

annual production of up to 2.55 million metric tons of

eucalyptus pulp, increasing the company's capacity by more than

20% to 13.5 million tons a year.

A few weeks ago, the pulp and paper producer also made

public its $110 million purchase of two industrial facilities

from Pactiv Evergreen ( PTVE ) in the U.S. states of Arkansas

and North Carolina, adding to its paperboard output capacity.

Analysts believe small acquisitions could be a good way for

Suzano to further spread its international footprint without

overpaying.

"After the unfortunate IP ordeal, which investors disliked,

we believe several of these small bolt-on transactions into the

paper and packaging business can gradually soothe investor

concerns on capital allocation," BTG Pactual analysts said in a

note to clients last week.

Earlier this year, Suzano also announced the purchase of a

minority stake in Lenzing, an Austrian supplier for

the textile industry.

While currently focusing on closing the recent deals, the

company will continue to seek for new international

opportunities, not only in the U.S. and Europe.

"It's not about having a regional preference, we are looking

for deals that align with our strategy," said Bacci.

A global leader in pulp producing, Suzano is also one of the

largest paper manufacturers in Latin America. The company,

started in Brazil by a Ukrainian immigrant, is turning 100 years

old in 2024.