CMPC’s subsidiary in Peru recognized claims of the competition protection authorities

CMPC informed that Productos Tissue del Perú S.A. (Protisa), the company’s subsidiary in Peru, in the framework of the collaboration process within the investigation carried out by the Peruvian National Institute for the Defense of Competition and Protection of Intellectual Property (Indecopi), provided the following statements:

  1. Protisa recognized the facts denounced and will not appeal to the conclusions or sanctions determined by Indecopi, that means an estimated fine of USD 13.5 million
  2. The company restated its strongest rejection of the practices referred to in the Indecopi report, which were self-reported by Protisa as soon as its board became aware of facts contrary to free competition, providing full cooperation throughout the investigation process
  3. The investigation carried out by Indecopi is part of the same and unique internal investigation process developed by CMPC from the very first moment in which the company’s Board of Directors became aware of indications of anomalies and which resulted in self-reports in Peru And Chile
  4. Indecopi’s resolution implies the definitive term of the process that involved Protisa
  5. CMPC had implemented, both at the corporate level and in its local operations, a series of measures aimed at avoiding situations such as those reported, including changes in corporate and executive governance, the generation of new controls, the hiring of specialized consulting services to implement the best global practices, and the training in free competition and good practices to all the people who are part of the company

Protisa entered the Peruvian market in July 1995, importing Toilet Paper, Napkins, Towel Paper, Facials and Handkerchiefs from other CMPC companies located in South America.

Earlier International Forest Products became exclusive sales and logistics agent for Cartulinas CMPC in the US and Canada.

About CMPC:

The company is a leading Latin American forestry, pulp, paper, tissue, packaging products and other forestry products producer . It aims to deliver world-class products, from forestry to finished products, to its global customer base. CMPC’s timber and production facilities are located in Chile, Brazil, Argentina, Peru, Colombia, Uruguay, Ecuador and Mexico. CMPC sells more than 25 different product lines to over 31,000 clients in more than 45 countries world-wide. The company is a part of the Chilean group, CMPC Celulosa, one of the largest forestry-based companies in Latin America. Its mills in Chile and Brazil produces around 2.8 million tonnes of pulp per year.

Source: Woodbizforum