April 24, 2013 / 3:26 PM / 4 years ago

Chile Copec says to invest $900 million this year

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SANTIAGO, April 24 (Reuters) - Chilean industrial conglomerate Copec will invest $900 million this year to boost internal growth and strengthen the company's operations, chairman Roberto Angelini said on Wednesday.

Copec said last month its net profit dropped by more than half last year on declining wood pulp prices, rising costs and higher taxes on businesses in Chile.

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