Aug 04, 2009. /Lesprom Network/. Corporacion Durango, S.A.B. de C.V., the largest integrated paper producer in Mexico and with operations in the USA, announced its unaudited consolidated results for its fiscal Second Quarter 2009. All figures were prepared in accordance with Mexican Financial Reporting Standards (NIF’s for its initials in Spanish) and are converted into U.S. dollars using the exchange rate at the end of each reported period (as of March 31, 2009, Mx$14.3855; as of June 30, 2009 Mx$13.1812 and as of June 30, 2008 Mx$ 10.3028). During the second quarter of 2009, market and economy conditions were deteriorating as a result of a dramatic GDP fall of 10% and a 14% drop in the manufacturing industrial sector. The aforementioned impacted the paper industry and Durango with lower shipments and lower prices, however higher productive efficiencies, implementation of commercial strategies, lower raw material and energy costs led the Company to obtain EBITDA and operating margins recovery. In spite of having a lower installed capacity utilization, due to a lower demand, the Company was able to reduce its unit cost of goods sold in a 23% due to the implementation of initiatives to increase efficiency and productivity of mills and packaging facilities together with a reduction in raw materials and energy costs reduction. The Company obtained an EBITDA of US$18.5 million, equivalent to a 173% increase mainly due to a lower cost production due to initiatives the Company put in place that compensated the negative effect from lower shipments and lower prices. Miguel Rincon Arredondo, CEO, stated: “Corporacion Durango has today a stronger financial and operating fundamentals to face and deal with a challenging industry and business environments during the second half of 2009 and beyond.”