The sales volume of the Corrugated Cardboard Packaging segment progressed well when compared to 2Q13 and totaled 47.20 thousand tons. The increase presented by Irani, 39.5%, is higher than the market outlook - the Brazilian Association of Corrugated (ABPO) data fell by 3.4% in the same period - also due to the integration of the Sao Roberto plant.
In contrast, the Packaging Paper segment decreased 37.9% and ended the quarter with 17.1 thousand tons. The reduction was due to sales for the subsidiary Sao Roberto which, from 1Q 2014, were eliminated on consolidation from the integration of the business into the Irani operations.
The sales volume of the resins segment also decreased by 12.5% and reached 2.2 thousand tons. In this case, production suffered due to a variation in the supply of gum rosin resin on the spot market.
In the second quarter the Company raised $70 million through a pre-paid export operation, which will be used to finance the working capital needs of the Company's exports. The amount must be paid by Irani in up to seven years.
Celulose Irani is one of the leaders in the Corrugated Cardboard sector in Brazil and reference in the Packaging Paper sector.
