Also, the lower pulp volumes were partially caused by the programmed maintenance downtime at the Laja and Pacifico mills, and also by some operational problems in the Santa Fe mill, which have since been resolved. The quarter on quarter increase in Paper Products volumes was mainly seasonal, as demand from the Chilean fruit industry increased. The year over year increase was mainly driven by the increase of Tissue sales, as a result of CMPC’s expansion process through Latin America.
Effective sales prices rose 3% quarter on quarter for softwood, and 4% for hardwood, while year over year prices decreased 3% for softwood and increased 10% in hardwood.
CMPC’s consolidated EBITDA totaled $212 million, up 3% from 4Q 2012 and down 5% from 1Q 2012. The quarter on quarter increase was partly driven by the higher EBITDA generation in Pulp, Tissue and Paper Products. The 1Q 2013 Pulp division EBITDA also includes $13 million from the Energy business, compared with $17 million registered in 4Q 2012.
Net income amounted to $84 million, up $48 million when compared to 4Q 2012 and down $40 million from 1Q 2012. The quarter on quarter increase was mainly caused by a higher EBITDA generation as well as other non operational items, as a result of the appreciation of the Chilean peso and its effect on exchange rates differences and diferred taxes.The year over year decrease is a result of lower EBITDA generation in 1Q 2013, lower net biological assets income and higher taxes.
CMPC is one of the leading Latin American companies in the production and marketing of forest products, pulp, paper, tissue and paper products.