CMPC's 2006 Annual Report

Page 45

Among other projects within the above mentioned program of investments were the 80,000 tonne capacity expansion of the Maule Mill for folding boxboard production launched in 2005 with a total investment of US$ 38.5 million. Likewise, in the second semester of that year a new US$ 31 million tissue paper manufacturing machine came on stream in the Talagante mill and the rebuilt of the MulchĂŠn sawmill came on stream with a capacity of 420,000 cubic metres per year and a total investment of US$ 26 million. The different businesses have to date operated normally and without further incident, a situation which is not expected to change in 2007. Market conditions are favourable for the next few months, with demand steady and prices stable or appreciating for the products sold by the Company, including softwood and hardwood pulp and folding boxboard. Some products like newsprint and some sawn woods, especially remanufactured woods, have been more dynamic in export markets in the last months.

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