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Chile’s Arauco shuts down pulp plant, cutting around 160 jobs

© Reuters.

(Reuters) – Chilean pulp and wood panel maker Arauco said on Tuesday it is halting indefinitely its operations at its Licancel pulp plant due to environmental challenges, causing some 160 workers to lose their jobs.

The plant’s output amounts to 3% of Arauco’s total annual pulp production, the company said in a filing.

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This article was written by Follow Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He...