Empresas CMPC to Close Papeles Río Vergara Newsprint Mill in Chile.
Av Redaktionen Papernet
This decision was taken due to increased electricity prices, which led to higher production costs. In the last 10 years the company has had an electricity supply contract at the mill with prices compatible with newsprint production. However, this contract is due to expire soon. Despite numerous attempts and great efforts on the part of the Company, Empresas CMPC has been unable to obtain a new supply contract with prices that would allow the mill to continue operations. Last day for operation is 30 november.