Torres buys Austral production plant

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25 October 2004 – Santiago (CHI): Torres, the Chilean manufacturer of school and office stationery, has acquired notebook producer Austral’s industrial machinery and equipment from CMPC, the Chilean paper and pulp company.

The acquisition will allow Torres to increase exports and domestic sales. The company is expected to record export revenues of $5 million in 2005.

Austral will cease to produce its traditional product in March 2005.