Votorantim Celulose e Papel S.A. (VCP) produces a variety of pulp and paper products. It produces pulp both for sale (market pulp) and for use in its paper production. The Company sells hardwood bleached market pulp, both to the Brazilian domestic market and to the export market outside Brazil. VCP produces coated and uncoated printing and writing paper, and other specialty/chemical papers. Within the printing and writing paper category, it produces cut-size, folio-size and rolled products. VCP also has forestry operations, which produce the pulpwood required for its production. The Company is a part of the Votorantim Group, which has other interests in Brazil and abroad, principally in cement, metallurgy, agribusiness, chemicals and financial services. At December 31, 2006, VCP’s industrial facilities consist of two integrated pulp and paper mills, Jacarei and Luiz Antonio, and two facilities for paper production, Piracicaba and Mogi das Cruzes, all located in the state of Sao Paulo.