Chile 2013 forestry exports projected to rise US$5.75bThursday 28 Mar 2013  Chile's forestry exports are expected to increase to US$5.75 billion
this year, up 6.8% from the US$5.39 billion exported in 2012, industry trade group Corma
said in a statement. An increase in pulp production would partly boost total forestry
exports. Pulp prices, however, could fall after new plants in Brazil and Uruguay increase
supply from South America, said Corma President Fernando Raga.In Chile, fuel and forestry conglomerate Empresas Copec SA (COPEC.SN) plans to start operations at its US$1.9 billion Montes del Plata mill in Uruguay during the first half of this year. Montes del Plata, a joint-venture between Copec and Finnish paper producer Stora Enso Oyj, expects to add 1.3 million metric tons of hardwood pulp a year. Chilean paper and wood-pulp producer Empresas CMPC SA, meanwhile, has a US$2.1 billion investment planned for the expansion of its Guaiba plant in Brazil. Once Guaiba is fully operational in 2015, CMPC will increase total pulp production by 46% to around 4.1 million metric tons a year. |
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