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It is possible that, in connection with any future issuances of shares, we may not be able to offer shares to U. Our board businesses generally achieve higher margins from the sale of their principal products in the markets in which they participate directly Chile, Argentina, Brazil, Mexico and Venezuela than from exports to third markets i. Masisa doors are available in a variety of styles and are manufactured from solid pine wood with engineered stiles and rails that are edge-glued, finger-jointed and laminated with clear veneer. You should also note that since the merger of our former subsidiary Masisa into and with us, we have been in the process of implementing, but have not yet completed, a reorganization of our businesses into three divisions: the Boards Division, the Solid Wood Division and the Forestry Division. None of our directors are residents of the United States and most of our executive officers reside outside the United States. Particle board physical volume sales increased by 6.


  • productos de mayor valor agregado, como las molduras de MDF.

    Igualmente . Masisa participa en la industria de los tableros de madera desde su fundación en . Abogada, Universidad de los Andes, Bogotá, Colombia. S.A.; Madergold S.A.; Sacheco S.A.; NBC Maderas S.R.L.; Trumar S.A.I.C.; Amiano S.R.L.

    Places Directory Results for Madera Brasil – Maderas Ercoli . Furniture. Madera Dimensionada y Productos del Bosque. Carpenter. Madera Dinner Club Madera, Cordoba, Colombia. City. Madera .

    Business Service. Maderas Amiano. Today's leaders face a large number of technological, social, and competitive changes that entail new challenges. IAE invites you to delve deeper into a.
    This increase in wood board sales was primarily due to the appreciation of the Brazilian reales against the U.

    Placacentro stores offer a variety of products related to furniture manufacturing and provide related services, such as computer aided furniture design, and customized board sizing and drilling, improving our customers' productivity.

    We expect that the progressive maturity of our forests in Chile will allow us to increase our annual harvest resulting in a higher volume of wood production. Our business strategies, financial condition and results of operations could be adversely affected by changes in government policies of the Latin American countries in which we operate, other political developments in or affecting these countries, and regulatory and legal changes or administrative practices of their authorities, over which we have no control.

    The Mexican market has a good but limited national supply system as well.

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    PIAGGIO A CATINELLE CHECCO ZALONE JOVANOTTI
    The Directors Committee reviews and resolves these potential conflicts of interest. For example, we are studying the possibility of producing and selling plywood.

    The strands are put into a drying machine to remove humidity from the wood in order to avoid shrinkage and swelling during use.

    Defaults, Dividend Arrearages and Delinquencies. Our board sales in Ecuador increased by

    (6) On August 22,the subsidiaries Maderas y Sintéticos de México S.A. . In addition, we market our boards in Colombia, Peru, Ecuador and Uruguay. Dolinsky S.A., Maderas Amiano S.R.L., Madergold S.A., NBC Maderas S.R.L., to Proforca (CVG Productos Forestales de Oriente, C.A.), a large Venezulean.

    Masisa Colombia S.A. (formerly Terranova Colombia S.A.). S.A. de C.V., Productora de Tarimas del Sur S.A., Productos Maderables Goles de RLMI.

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    Sacheco S.A., Dolinsky S.A., NBC Maderas S.R.L., Amiano S.R.L. and Trumar S.A.I.C.

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    *Include Colombia, Peru and Ecuador, among other countries. Sawn lumber. Productos Forestales S.A. de C.V. Maderas Amiano S.R.L.
    In addition, the prices we pay for raw materials may increase as a result of higher fuel costs paid by our suppliers.

    Masisa's principal financing activities in related mainly to replacing existing long-term borrowings maturing in late and Their annual operational capacity is sufficient to dry most saw lumber currently produced at the Cabrero sawmill.

    Net working capital rose as a consequence of higher sales. Due to its resulting higher production costs, MDF generally commands a higher price than particle board of the same thickness. Mapal Boards. We manufacture raw, melamine-laminated and wood-veneered particle board in Chile.

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    Cash distributions made in respect of the ADSs are received by the Depositary in Chilean pesos, are then converted by the Depositary into U.

    Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. OSB physical volume sales increased by The increase in operating income is attributable mainly to significantly higher sales and gross margin.

    Overall prices fell duringwhich had a negative impact on operating margins. Based on current market conditions, our Chief Executive Officer and Chief Financial Officer establish policies for new loans, derivative contracts, time deposits, marketable securities and securities with resale agreements and policies.

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