Copec Plans $900 Million - $1.1 Billion in 2011 Capital Expenditures
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Fuel and forestry conglomerate Empresas Copec SA, Santiago, Chile, reports that it will pursue a capital expenditure plan of between $900 million and $1.1 billion this year. During the past 20 years, Copec has made capital expenditures of some $11 billion, with around $800 million invested in 2010.
Copec's Celulosa Arauco y Constitucion SA forestry and pulp subsidiary is one of the world's top pulp producers. A massive 8.8-magnitude quake that rocked Chile's central-southern regions last February damaged and temporarily shutdown some of Copec's pulp plants.
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