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Fitch affirms Empresas Copec's BBB ratings with stable outlook, driven in part by higher-than-expected pulp prices; bleached eucalyptus kraft pulp prices in H1 have averaged US$690/tonne, and prices expected to average US$675/tonne for full-year 2024
Published: July 16, 2024 by Contify Energy News
Copec outlines US$1.7B investment plan, including US$800M-900M for maintenance of asset base; 2024 investments include acquisition of land and forests for future Sucuriú pulp mill project, project at Zitácuaro, Mexico, plant to double MDF panel capacity
Published: May 14, 2024 by CE Noticias Financieras (Latin America)
Copec's Q1 results up 46%, bolstered by better results in forestry sector; Copec subsidiary Arauco posts earnings of US$100M from year-ago loss of US$54M, due to improvement in operating, non-operating results on higher volumes in pulp, timber businesses
Published: May 10, 2024 by CE Noticias Financieras (Latin America)
Arauco to gradually invest in plantations, land to prepare for the Sucuriú project, a new pulp mill in Brazil with capacity of 2.5 million tons/year, which would begin construction in 2025; mill would expand Arauco's pulp production capacity by 50%
Published: April 26, 2024 by CE Noticias Financieras (Latin America)
Start-up of Arauco's line 3, the Arauco Plant MAPA project, is progressing, allowing higher production volumes, lower unit costs; Arauco expects MAPA to be operating at its design capacity by Q1 2024 as pulp prices in recent months, weeks show improvement
Published: November 14, 2023 by CE Noticias Financieras (Latin America)

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