Ence is booming as pulp prices reach new heights
Ence is booming as pulp prices reach new heights.
Ence, Europe’s No. 1 maker of eucalyptus pulp, reported stellar 4Q17 results, in keeping with those for the entire year. Sales and EBITDA soared 21% and 63% yoy to €213m and €68m respectively, representing a comfortable 32.1% margin, up from 23.9% last year. In the pulp business (82% of sales), up 22% yoy, the Spanish company fully benefited from the rocketing pulp price: to $980/t at year-end 2017 against $675/t one year earlier.
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Ence Energia Y Celulosa is engaged in the manufacture and commercialization of wood pulp and derivatives. Co. divides its activities into the following two business lines: Forest Division: Co. manages timberlands in South America and the Iberian Peninsula. Co. is involved in trading of wood, and supplies solid wood products including: plywood, sawn timber, parquet flooring and glued-edge paneling. Co. is involved in forest and environmental consulting. Pulp Division and Energy Production: Co. is engaged in the production of Eucalyptus globulus-based TCF and ECF paper pulp. Co. is also involved in the generation of electricity through biomass power producing plants.
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