Empresas CMPC SA
SGO:CMPC
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Empresas CMPC SA
In the lush landscapes of Chile, where forests weave their green tapestry, Empresas CMPC SA carves a notable place in the global pulp and paper industry. Founded in 1920, this venerable company has grown from its roots, deeply entrenched in the rich Chilean woodlands, to an influential player on the international stage. CMPC’s core business revolves around the production of pulp, paper, tissue, and packaging products, drawing strength from its sustainably managed forest plantations. By harnessing one of the world’s most renewable resources, wood, CMPC creates a seamless supply chain—from forest to finished product—ensuring both environmental and economic sustainability. The company's vertically integrated operations not only allow for control over quality and cost but also pave the way for diverse offerings that support sectors from hygiene to industrial packaging solutions.
Central to Empresas CMPC’s business model is its commitment to sustainable practices, which breathes life into its operations and brand. The company capitalizes on a closed-loop system to minimize waste and leverage the by-products of one process as raw materials for another, embodying efficient resource utilization with a conscience. This holistic approach feeds directly into its profitability, as CMPC serves markets across the Americas, Europe, and Asia, responding to varying demands for high-quality cellulose, paper, and tissue products. Furthermore, through continuous innovation and investment in technology, CMPC enhances its production efficiencies and expands its product portfolio, solidifying its position in an ever-competitive market. The company's dedication to sustainability not only resonates with environmentally conscious consumers but also aligns with global trends, fueling its business growth and reinforcing its stature as a steward of green manufacturing.
In the lush landscapes of Chile, where forests weave their green tapestry, Empresas CMPC SA carves a notable place in the global pulp and paper industry. Founded in 1920, this venerable company has grown from its roots, deeply entrenched in the rich Chilean woodlands, to an influential player on the international stage. CMPC’s core business revolves around the production of pulp, paper, tissue, and packaging products, drawing strength from its sustainably managed forest plantations. By harnessing one of the world’s most renewable resources, wood, CMPC creates a seamless supply chain—from forest to finished product—ensuring both environmental and economic sustainability. The company's vertically integrated operations not only allow for control over quality and cost but also pave the way for diverse offerings that support sectors from hygiene to industrial packaging solutions.
Central to Empresas CMPC’s business model is its commitment to sustainable practices, which breathes life into its operations and brand. The company capitalizes on a closed-loop system to minimize waste and leverage the by-products of one process as raw materials for another, embodying efficient resource utilization with a conscience. This holistic approach feeds directly into its profitability, as CMPC serves markets across the Americas, Europe, and Asia, responding to varying demands for high-quality cellulose, paper, and tissue products. Furthermore, through continuous innovation and investment in technology, CMPC enhances its production efficiencies and expands its product portfolio, solidifying its position in an ever-competitive market. The company's dedication to sustainability not only resonates with environmentally conscious consumers but also aligns with global trends, fueling its business growth and reinforcing its stature as a steward of green manufacturing.
Sales & Profitability: Q3 2025 sales were about $1.9 billion, with EBITDA of $260 million and net income of $34 million, both down sharply year-on-year.
Pulp Business Weakness: Pulp revenue declined 19% YoY due to significantly lower prices, despite slightly higher volumes. EBITDA margin in pulp was 22.5%.
Softys Performance: Softys (tissue & personal care) EBITDA rose 16% QoQ but dropped 13% YoY, affected by increased competition and currency headwinds, especially in Brazil and Mexico.
Debt & Leverage: Net debt reached $5.1 billion and the net debt-to-EBITDA ratio increased to 3.79x, up from 3.3x a year ago.
Hybrid Bonds Issued: CMPC completed $1 billion in hybrid bond issuances to improve liquidity and refinance debt.
Pulp Price Recovery: Management highlighted a rebound in pulp prices in China and expects this trend to continue, driven by supply curtailments and higher wood chip costs.
Softys Margin Outlook: Management expects Softys margins to approach 15% by late 2026 or early 2027 through efficiency and marketing initiatives.