CHILE (Notifix).- Panel's sales reached US$ 302.4 million in the fourth quarter of this year, a 12.6% decrease when compared to the US$ 346 million obtained in the third quarter of 2011. This decrease was mainly explained by lower average prices of 8.6% and lower sales volume of 4.3%. Panel sales were 2.1% higher than the US$ 296.3 million reached during the fourth quarter 2010. This increase in sales can be explained by higher average prices 9.4% partially offset by a decrease in sales volume of 6.7%. Arauco's consolidated sales reached U.S.$ 1,036.0 million during the fourth quarter of 2011, a decrease of 6.1% compared to the U.S.$ 1,103.7 million obtained in the third quarter of 2011. This decrease is mainly explained by lower average sales price of our pulp, panels and sawn timber divisions by 19.4%, 8.6% and 6.1% respectively. During the fourth quarter of 2011, consolidated Adjusted EBITDA reached U.S.$ 364.6 million, an increase of 45.6% compared to the U.S.$ 250.4 million Adjusted EBITDA obtained during the third quarter of 2011.Arauco, ventas por Unidad de Negocio