(News from RISI) Brazilian major tissue paper producer Santher recorded a Real 17.7 million ($7.8 million) loss in 2013, according to the company’s latest financial results report. The figure is, however, an improvement over the Real 36.1 million loss registered by the company in 2012.
Throughout 2013 Santher’s EBITDA rose by 37.5% to Real 130.5 million over the number posted in the previous year, while revenues increased by 11.4% to Real 1.16 billion. “This performance was mainly due to the sales volume expansion and the increase on average prices, influenced not only by the price table readjustment but also by the sale of products with higher value,” the company stated in the financial report.
Santher currently has a production capacity of around 185,000tpy of tissue paper and 35,000tpy of specialty paper spread throughout four units in Brazil: Bragança Paulista and Penha paper mills, both in São Paulo state, Governador Valadares unit, in Minas Gerais state, and Guaíba mill, in Rio Grande do Sul state.