A $4.6 Billion Pulp Project in Brazil Has Chile’s CMPC in a Bind

Chilean forestry company Empresas CMPC SA has an unenviable choice to make — push ahead with a massive project in Brazil and risk its investment grade rating, or shelve it...

By Carolina Gonzalez and James Attwood · Bloomberg Markets

Chilean forestry company Empresas CMPC SA has an unenviable choice to make — push ahead with a massive project in Brazil and risk its investment grade rating, or shelve it and get left behind by rivals.