Aug 03, 2012. /Lesprom Network/. Bio Pappel's 2Q net sales decreased 4.2% year-over-year, as a result of an 8.4% decrease in the Packaging and Converting Segment because of lower prices that could not be offset by higher volume. There was no change in the Paper segment, as the company said in the press release received by Lesprom Network. Comparing 1H 2012 to 1H 2011, net sales declined by 2.1%, with a 2.1% increase in Paper Segment and a 6.2% decrease in Packaging and Converting Segment. The Company achieved $27 million of EBITDA for 2Q 2012, which represents a 52.1% growth vs. the $17.7 million reported in the same period of last year, mainly because we were able to partially compensate a 12% decline in prices with an 8.9% increase in Shipments and a 17.7% decrease in Unit Cost. For the first half of 2012, EBITDA reached $43.4 million, which represents a 15.3% increase when compared with the first half of 2011. This figure resulted from a 7.7% increase in Shipments and an 11.7% reduction in Unit Cost that altogether offset the 9.2% decrease in Pricing. Commenting on the Company’s results and outlook, Miguel Rincon, Bio PAPPEL’s Chairman and CEO, said:“In the 2Q 2012 we reported solid results which reflect the benefits of our Capex investments done in previous quarters and which helped us improve our production cost structure. Looking at the future we will continue striving to further enhance the Company’s fundamentals”. Bio PAPPEL, S.A.B. de C.V. is the largest integrated paper producer in Mexico and with operations in the USA.