Copec will invest 900 million dollars in Brazil in 2013

5/25/2013-the President of Copec pulp and energy group, Roberto Angelini, had confirmed earlier this year that the company will invest 900 million dollars in Brazil in 2013 to strengthen its operations in the region. The company that operates in the pulp and paper through the subsidiary Arauco, is the second largest in the industry. The Copec has operations in Brazil, Canada, Chile, Colombia, United States, Peru and Uruguay and also takes part in the business of fuel distribution, power generation and fishing.
More recently, the company's Chief Executive, Eduardo Navarro, said that in 2013 will focus more on consolidation of their investments than in potential acquisitions, to strengthen the financial ratios. "The focus, rather than targeted to new investments, new countries, is to consolidate all this investment effort that was made," he said.
So much optimism is due to the fact that the pulp remain attractive to the company, since in emerging countries like China and India per capita paper consumption is very low. And that "is not necessarily a negative news as many people think," said Navarro. In Uruguay, the Montes del Plata, should start operations in the third quarter of this year, as in Canada and the USA investments must be consolidated before new acquisitions, said the Executive.