Chile
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Arauco warns of $50 million hit from wildfires in Chile
Chilean pulp and wood panel maker Arauco, the forestry arm of industrial group Empresas Copec, on Wednesday estimated it could take a $50 million hit due to fires raging in the country's south. Some 47,000 hectares of plantations, mainly pine forests it uses to manufacture its wood products, could potentially be affected, the firm said in a letter to the local regulator. The Andean country is battling some of the worst wildfires in years that have claimed more than 20 lives and burned through over 440,000 hectares. The firm said it calculated the $50 million figure taking into account information available, the wood that it should be able to recover based on past experiences and applicable insurance... Continue reading →
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Prefabricated wood construction to make new leap in Chile
The Chilean company E2E is a joint venture between Arauco and the Belgian company Etex. Its factory, which has been operating since February 2019 in Santiago - Chile, has the capacity to build 1,000 living units per year – between prefabricated houses and timber buildings. The US$25 million sales projection in the coming three years counts on a US$15 million investment plan, of which US$6 million was invested in the WEINMANN machine production plant – a company of the HOMAG Group and world leader in complete solutions for prefabricated wood construction. Construction pace of 16 houses a week With only six months of operating production the company celebrates the construction of 400 two-story houses in Casablanca and the development of two 4-storey buildings in Concepción, Chile. According to Felipe Montes, general manager of E2E, the factory has a construction pace of 16... Continue reading →
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June 19, 2017
Chile and Brazil, potential lumber import markets for the US
The Trump administration is expected to bring the total tax duties on Canadian lumber imports to 30% later this month.... Continue reading →
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March 29, 2021
Chilean wood chip exports were down 40% in 2020
Wood chip exports from Chile plummeted in 2020, with shipments falling by over 40% from the first quarter to the fourth quarter. Only an estimated 450,000 odmt were shipped in the 4Q/20, the lowest quarterly volume since the 3Q/15. A combination of substantially reduced wood fiber consumption by Japanese pulpmills and an increased supply of lower-cost hardwood chips from Vietnam to Asian markets has contributed to the decline in demand for Chilean Eucalyptus chips in 2020. Together with Vietnam and Australia, Chile has long been one of the primary wood fiber suppliers to the pulp industry in Japan. In 2013, the country was the number one source of wood chips to Japan, with a market share of 23%. However, the Chilean wood fiber supply in that market has diminished, and the percentage of total imports in the 4Q/20 was down to 11%. The lower chip sales from Chile contributed to a... Continue reading →
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March 6, 2023
Arauco warns of $50 million hit from wildfires in Chile
Chilean pulp and wood panel maker Arauco, the forestry arm of industrial group Empresas Copec, on Wednesday estimated it could take a $50 million hit due to fires raging in the country's south. Some 47,000 hectares of plantations, mainly pine forests it uses to manufacture its wood products, could potentially be affected, the firm said in a letter to the local regulator. The Andean country is battling some of the worst wildfires in years that have claimed more than 20 lives and burned through over 440,000 hectares. The firm said it calculated the $50 million figure taking into account information available, the wood that it should be able to recover based on past experiences and applicable insurance... Continue reading →
Popular this Month
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October 21, 2019
Prefabricated wood construction to make new leap in Chile -
April 16, 2019
Masisa to sell forestry assets in Chile and Argentina -
June 6, 2018
IKEA announces expansion in South America
Popular this Month
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March 6, 2023
Arauco warns of $50 million hit from wildfires in Chile
Chilean pulp and wood panel maker Arauco, the forestry arm of industrial group Empresas Copec, on Wednesday estimated it could take a $50 million hit due to fires raging in the country's south. Some 47,000 hectares of plantations, mainly pine forests it uses to manufacture its wood products, could potentially be affected, the firm said in a letter to the local regulator. The Andean country is battling some of the worst wildfires in years that have claimed more than 20 lives and burned through over 440,000 hectares. The firm said it calculated the $50 million figure taking into account information available, the wood that it should be able to recover based on past experiences and applicable insurance... Continue reading →
Popular this Month
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October 21, 2019
Prefabricated wood construction to make new leap in Chile -
April 16, 2019
Masisa to sell forestry assets in Chile and Argentina -
June 6, 2018
IKEA announces expansion in South America