Arauco resumes operations in Chile

The Company currently owns seven sawmills in Chile, four of which began operating (located in Constitución, Nueva Aldea and Cholguán). Of the six remanufacturing facilities, four have begun operating (located in Constitución, Valdivia and Cholguán).

Two of four panel facilities owned by the company have resumed operations. Trupán panel facility has begun operating an MDF production line, while Nueva Aldea panel facility has resumed operation of two plywood production lines. Additionally, the biomass based power plant located at Nueva Aldea panel facility has begun operating and is currently supplying electric energy to the Central Interconnected System, Chile’s energy grid.

The Company’s five pulp mills in Chile are still being assessed for damages and work is being done to resume operations. However, the biomass based power plant located in Valdivia pulp mill has begun operating and is currently supplying electric energy to the Central Interconnected System, Chile’s energy grid.

Operations are gradually resuming their normal functions, which is an important step in the normalization plan to recover the facilities that were stopped due to the earthquake and tidal wave that hit Chile on February 27. Additionally, an important number of contractors and contract workers have resumed their jobs and associated activities.