Nov 22, 2012. /Lesprom Network/. CMPC’s total revenues amounted to $1,209 million during the 3Q, 4% higher than in 2Q12, as higher volumes in pulp, tissues and paper offset lower sales in forestry and paper products, as the company said in the press release received by Lesprom Network. In 3Q 2012, there were lower sales volumes in the Forestry and Paper Products divisions. They were respectively explained by a decrease in harvesting volumes as well as lower wood chips exports, and by the seasonality of the fruit export season in Chile. On the other hand the higher volumes of the Pulp division were mainly caused by higher operational rates as well as by the recovery in some shipments that could not be dispatched during the previous quarter. In addition, the Tissue business recorded higher sales volumes through almost all LatAm countries for both tissue paper and sanitary products. The increase in Paper sales volumes can be attributable mainly to the higher production and revenues from newsprint, as well as by the higher demand for corrugated paper. In terms of prices, the main changes were in the Pulp and Forestry businesses. Regarding pulp effective sale prices, there was a 7% and a 4% decrease in the case of softwood and hardwood respectively. The increase in the Forestry mix price was principally the result of an increment in the price of plywood. CMPC’s consolidated EBITDA amounted to $243 million, stable from the previous quarter. The higher margins recorded in the Paper and Tissue businesses were offset by a decline in the margins of the Forestry, Pulp and Paper Products segments. The Pulp division considers $8 million of EBITDA generated by the Energy business. Net income during the 3Q amounted to $4 million, 91% lower than that of 2Q 2012. This decline was mainly caused by the $114 million impact of the Chilean Tax Reform on deferred taxes. In addition, during the quarter there was a $32 million loss due to FX differences as a result of the US Dollar depreciation. “This was an eventful quarter for CMPC, as we succeeded in posting sequential revenue growth in the third quarter, while maintaining stable EBITDA performance despite margin pressures in certain of our segments. We also signed an agreement to acquire land and other assets in Brazil from Fibria Celulose, which will help meet our wood needs in Brazil as we move to expand our pulp capacity,” said Hernan Rodriguez, CEO of Empresas CMPC. “Additionally, we received FSC certification for our Celulose Riograndense operation in Brazil, reaffirming our strong commitment to the principle of sustainable development.” “Obtaining the FSC certification shows that CMPC Celulose Riograndense manufactures products that is environmentally friendly and our business contributes to the social and economic development of local communities. This seal certifies forest activities, based on the preservation of native forests, as well as employment and other economic benefits,” said Walter Lidio Nunez, President of CMPC Celulose Riograndense. CMPC is the largest Chilean pulp and paper company, being the biggest in Latin America. It is engaged in integrated forest industry, which operates as a holding company through five business centers: Forestry, Pulp, Paper, Tissue and Paper Products.