Empresas CMPC S A : Material Fact - Agreement with Neltume Ports
January 28, 2022 at 01:43 pm
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Santiago, January 28th, 2022
Comisión para el Mercado Financiero
MATERIAL FACT
Empresas CMPC S.A.
Securities Registry Number Nº115
Dear Sirs:
Pursuant to what is laid down in articles 9 and 10, second paragraph of the Securities Market Law No. 18.045, I hereby inform you as a material fact that as of this date Empresas CMPC S.A. ("the "Company") entered into a memorandum of understanding ("the agreement") with Neltume Ports for the joint development and operation of a port terminal in the State of Rio Grande do Sul, Brazil.
Along with elements typical of this type of agreements, the memorandum of understanding contemplates the establishment of a new company in which CMPC and Neltume Ports will participate equally, being that company the one that will carry out the development and operation of the port terminal mentioned above. The agreement also contemplates the way in which this company will be managed, as well as the rights and obligations of the parties, among other similar aspects.
Considering that the company does not yet exist and that upon incorporation it must apply for a port concession, which may not occur, it is not possible at this date to determine the financial effects that the information referred to in this communication may have.
Sincerely,
Francisco Ruiz-Tagle Edwards
General Manager
EMPRESAS CMPC S.A.
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Empresas CMPC SA published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 13:42:09 UTC.
Empresas CMPC SA is a Chile-based company primarily engaged in the paper products industry. The Companyâs activities are divided into five business segments: Forestry, which includes products that are logs for the manufacturing of cellulose pulp and solid lumber products, such as sawn lumber, remanufactured products and plywood boards; Pulp, which provides pulp manufactured in production lines in Chile and Brazil; Paper, which focuses on the production and marketing of cardboard, paper for corrugation , industrial-use paper and newsprint; Tissue, which is responsible for producing and selling tissue, sanitary and specialized hygienic products, such as toilet paper, napkins, baby diapers and facial tissues, and Other, which includes general administrative services. The Company operates in Argentina, Colombia, Mexico, Peru and Ecuador, among others. It controls a number of subsidiaries, such as CMPC Celulosa SA, Cartulinas CMPC SA, Chimolsa SA La Papelera del Plata SA.