Key Players in the Pulp & Paper Industry in Chile.¶

Based on available information from the provided sources, the pulp and paper industry in Chile is dominated by a few large players. While a definitive top 10 list ranked purely by revenue derived solely from pulp and paper operations within Chile for the most recent years (2024-2025) is challenging to compile from the provided snippets, Celulosa Arauco y Constitución (Arauco) and Empresas CMPC are consistently identified as the two largest companies in this sector. Masisa is also a significant player in the related wood products industry in Chile. The table below provides detailed information for these key players based on the available data.

Key Players Table¶

Player name and short description	Detailed profile	Relevant context information	Estimates of volumes	Estimates of revenue
Empresas CMPC S.A. A Chilean pulp and paper company. Largest paper manufacturer in Chile and a major global player in integrated forest industry, operating through business centers: forestry, pulp, paper and paper products, and tissue.	Established in 1920. Operates in Chile, Argentina, Brazil, Uruguay, Peru, Colombia, Ecuador, and Mexico. Has four pulp mills with a capacity of 4.2 million tons per year (Laja, Pacifico, Santa Fé in Chile, and Guaíba in Brazil). Products include white kraft pulp (long and short fiber), sack kraft paper, unbleached kraft pulp, printing and writing papers. Also produces tissue and paper products like toilet paper, paper towels, napkins, and diapers. Owns forest assets in Argentina, Brazil and Chile totaling over 1.1 million hectares as of 2019. Has a global presence through a network of agents and representatives. Listed on the Santiago Stock Exchange. Owned by the Matte Group.	World leader in forestry and paper industry on sustainability according to Dow Jones Sustainability Index 2023. Competitors include Suzano, Arauco, APRIL, and Södra. Revenue decreased slightly from 2023 to TTM 2024. Investing in new mills, planning to increase production by 2.5 million tons with its Natureza complex. Facing challenges like elevated energy costs and competition. Also involved in biopackaging.	Pulp production capacity of 4.2 million tons per year across four mills (Chile and Brazil). Produced 3.631 million tons of market pulp in FY2021. Plans to increase production by 2.5 million tons.	$8.09 billion USD for 2023. $7.74 billion USD for TTM 2024.
Celulosa Arauco y Constitución S.A. (Arauco) A major Chilean forestry company primarily engaged in pulp and wood products. One of the largest in Latin America in terms of forest plantation ownership.	Headquartered in Santiago, Chile. Founded in 1979 from a merger of earlier government-created companies, later acquired by Copec. Operates in Chile, Argentina, Brazil, Mexico, the US, Canada, Uruguay, Spain, Portugal, Germany, and South Africa. Has forestry assets of around 1.8 million hectares in Chile, Argentina, Brazil, and Uruguay combined as of Dec 2023. Products include market pulp (various types), fiberboard panels, sawn timber, plywood, and remanufactured wood products. Products are used in the paper industry and wood-related applications. Sells products in over 70 countries. Part of the Angelini Group. Involved in forest harvesting, woodpulp, sawn timber, and panels, and has an energy division.	One of the two dominant players in the Chilean pulp and paper industry. Involved in the MAPA project, which significantly increased pulp production capacity at the Arauco mill. Investing in a project in Brazil. Issued sustainable bonds. Committed to environmental goals. Utilizes data analysis tools. Expects support from its parent, Empresas Copec. Has engaged in M&A activities including selling plantations in Brazil and forest properties in Chile.	Pulp production of 3.8 million tons in 2023, with estimates of 4.7 million tons in 2024 and 4.8 million tons in 2025-2026. MAPA project increases Arauco mill's pulp capacity to an estimated 2,100,000 tons per year. Panels volume of 5.0 million cubic meters in 2024, 5.2 million in 2025, and 5.4 million in 2026. Produced 2.9 million cubic meters of sawn timber, plywood, and remanufactured wood products in 2023.	$6.0 billion for LTM December 2023. $6,011.8 million in 2023. $6,546.1 million for LTM Q4 2024. Revenue in 2024 increased, particularly in the pulp segment.
Masisa S.A. A Chilean producer and marketer of wood products, primarily focused on wooden boards for furniture and interior spaces. Also involved in forestry.	Founded in 1960. Manufactures and sells wooden boards in various countries including Chile. Product range includes panels (raw, coated, MDF, particleboard, melamine, etc.), moldings, sawn timber, and interior coverings. Forestry division manages plantations in several South American countries including Chile. Distributes products through the Placacentro stores network. Controlled by Masonite International Corp.	Revenue slightly decreased from 2023 to 2024 and the company reported losses in both years. Ranked lower in revenue compared to major competitors in the broader wood-based panel industry.	Not specified in the provided snippets.	$297.55 million for FY 2023. $294.51 million for FY 2024. $292.66 million for TTM 2024.

Note: Identifying and ranking a full top 10 list of companies based strictly on their revenue from the Pulp & Paper industry within Chile for 2024-2025 is not possible with the provided sources, as detailed financial data specifically for this sector and region for a broader set of companies was not available. The table includes the key players for whom relevant and recent revenue information was found.

References¶

Opportunities and challenges for pulp and paper industry in South America - SIFI (2013-04-03)
CMPC Pulp > Home-us
Chile, pulp and paper industry's war on the poor (2024-06-21)
Top 8 Wood Pulp Companies in the World - Expert Market Research
Overview of the Pulp and Paper Market - Newspulpaper
Major pulp producers in Latin America have high expectations for their process data analysis - Trimble Wedge
Empresas CMPC (CMPC.SN) - Revenue - Companies Market Cap
Empresas CMPC (CMPC.SN) - Revenue - Companies Market Cap
Empresas Copec And Celulosa Arauco Ratings Affirmed On Expansion (2024-09-27)
First bale produced at Arauco MAPA project in Chile - Valmet (2023-01-25)
Celulosa Arauco y Constitucion S.A. (2024-06-13)
Top 10 Packaging Companies in South and Central America in 2021 by Revenue
Celulosa Arauco y Constitucion SA Company Profile - Overview - GlobalData
Masisa (SNSE:MASISA) Stock Price & Overview - Stock Analysis
Arauco's 2100000 TPA Pulp Producing Paper Mill in Chile becomes Operational (2022-07-13)
Suzano leads the global pulp market and strengthens its dominance in China (2024-10-03)
Arauco & Constitution Pulp 20F 2023 Annual report | SEC Filing (2024-04-05)
Corporate Presentation - Arauco
Empresas CMPC Full Year 2024 Earnings: EPS Misses Expectations - Simply Wall St News (2025-02-02)
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empresas cmpc sa and subsidiaries (2024-11-07)
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CMPC - Public Comps and Valuation Multiples
Eurobonos: Empresas CMPC, 4.375% 15may2023, USD (USP58072AG71) - Cbonds
CMPC (company) - Wikipedia
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Empresas CMPC 2025 Company Profile: Stock Performance & Earnings - PitchBook
Masisa Stock Forecast: up to 14.625 CLP! - MASISA Stock Price ... (2023-08-30)
Celulosa Arauco y Constitucion S.A. Company Profile - Chile | Financials & Key Executives
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CONSOLIDATED FINANCIAL STATEMENTS - Empresas Copec
Chile's pulp mills poised for carbon capture and sustainable fuel revolution - BNamericas (2024-10-14)
Investor Relations - ARAUCO
Masisa S.A. Stock (MASISA) - Quote Santiago S.E.- MarketScreener
Masisa S.A.'s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News - Owler Company Profile
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The Company | Empresas CMPC S.A.
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Masisa S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024 - Stock Market (2024-04-26)
ARAUCO-INTEGRATED-REPORT-2023.pdf
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