Arauco announced that a storm in mid-August, which affected the central-southern area of Chile, forced the company to completely shut down its Licancel pulp mill, located in Licanten, in the Maule Region of Chile.
The shutdown took place August 21 due to the overflowing of the Mataquito River.
Arauco said it is “currently reviewing the consequences and impacts of this force majeure event, quantifying the damages caused, and evaluating the future steps to be taken in relation to the plant itself.”
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