Pulp & Paper News

CMPC has higher revenues, EBITDA in 4Q and 2013

SAO PAULO , March 6, 2014 (Press Release) - 

Management Comment

2013 was a year of solid achievement for CMPC, as we delivered solid results across our businesses, maintaining margins while investing in future growth. We delivered respectable financial results, with solid growth in both revenue and EBITDA, including a 3% growth in tissue EBITDA despite the impact of depreciating local currencies in the second half of the year. We also broke ground at our Guaíba pulp project in Brazil, while executing on our conservative financing plan to keep our leverage under control during this investment phase. CMPC also received multiple industry recognitions for the year, including Forest Stewardship Council certification for CMPC Maderas; the recognition of our Confort tissue brand as the second-most-valued brand in Chile; and Fundación CMPC receiving the "Más por Chile" seal from the Ministry of Social Development.

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