MYS Masisa SA (New) Ads

SANTIAGO, Chile, Sept. 11 /PRNewswire-FirstCall/ -- Masisa is evaluating the possibility of building its third plant in Brazil in the city of Montenegro, Rio Grande do Sul. This plant is expected to become the company's first particleboard plant in Brazil. "Masisa has decided, subject to Board approval, to build a particleboard plant, which is a modification to the original MDF project the company was planning to carry out in Brazil that had been previously announced to the market. Supply and demand studies made by Masisa led us to decide on installing a particleboard line instead of the construction of an MDF line that we had been studying for over a year," said Enrique Cibi�, Masisa�s CEO. The project of approximately US$119 million is currently under review by Masisa's Board. The new particleboard line would have a production capacity of 550,000 m3 and is expected to generate around 200 direct jobs. Masisa Brazil would complete its product mix with the production of particleboard, and would therefore make the full offering of wood panels now produced by the Company in Brazil. About Masisa Masisa is the leading furniture and interior architecture board production and marketing Company in Latin America. It has forest assets throughout most of the region, thereby guaranteeing the raw material for the board business. Masisa's value proposal is to be a reliable brand, close to all its stakeholders, anticipating market needs by means of product and service innovation, and operating responsibly towards society and the environment. The company has 13 productive plants in Chile, Argentina, Brazil, Venezuela and Mexico, all of which must have the ISO 14.001 and OHSAS 18.001 certification. It is currently building an MDF plant at Cabrero in Chile, which will have a capacity of 340,000 m3 a year and will be the company's largest MDF plant in Latin America and will mainly supply the foreign market. Masisa has three other divisions that operate in synergy with the core wood board division: forestry, solid wood, and retail, which generate value and make the company more competitive. Masisa is a publicly-traded company and its shares are traded on the Santiago Stock Exchange and the New York Stock Exchange (NYSE:MYS) by means of ADRs. The company had total sales of US$886.5 million in 2006. DATASOURCE: Masisa S.A. CONTACT: Masisa Investor Relations, +011-562-350-6038, Web site: http://www.masisa.com/

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