Over the last ten years, we invested between three and five billion dollars a year in production and capital assets. We also invested about 500 million dollars a year in research and development. Our industry has been one of the most proactive in terms of converting to renewable energy sources, which reduces our dependency on fossil fuels.
Further, during the same period, we also invested significantly in environmental measures. Some of these measures were imposed by way of regulation, but many of them were adopted on our own initiative.
In the course of the 1990s, a good part of our investment was focused on forest management.
and the economic performance of our mills.