Strong increase in sales for Masisa in 3rd quarter

CHILE (Notifix).- As the third quarter ends, Venezuela recovered its' position as Masisa's leading market. Sales for the Chilean board manufacturer reached USD 335.9 million in the third-quarter, an increase of 27.7 % (USD 72.8 million) over the same period in 2010. This positive trend is present in most external markets where Masisamaintains operations. Sales Participation by Market The favorable increase is reflected in a 25.3 % increase in board sales primarily the result of a 17.1 % increase in volumes. Net income after minority interest reached USD 15.5 million by September 30, 2011, compared to the result obtained in the same period last year, when it totaled USD 13.4 million. This improvement of 16.4 % results from higher sales of boards in markets where the Company operates, greater efficiency in business expenses and better results in non-operating expenses during the period. During the month of October a new MDP line was inaugurated MDP in Cabrero, Chile, which has a production capacity of 280,000 m3 and involved investments of approximately USD 59 million. This new plant will offer a new premium product and get significant production cost savings. Venezuela again represented the largest market with a 24.8 % share of consolidated sales.

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