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ENCE's results deteriorated in 1997

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Published in issue 27/1997
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For the first quarter of 1997 the Spanish pulp manufacturer ENCE (Empresa Nacional de Celulosas) reported a 1.5% decrease in sales in comparison with the fourth quarter of 1996, down to Pta8.48bn. The company said that the decline was mainly due to the 5.9% drop in pulp prices. Operating results during the first three ...

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