Arauco, a global manufacturer of forest products, has announced the decision to indefinitely suspend cellulose production at the Licancél mill in Chile. This move is a response to extreme weather fluctuations and natural disasters. As a consequence of this suspension, a portion pertaining to the Licancél mill of Quant’s ten-year maintenance partnership agreement, which was initially signed in July 2022, will be canceled. Quant’s work on the Constitutión mill remains unaffected and will continue operations as planned. Quant will continue its support of Arauco by actively participating in cleanup efforts at the Licancél site. The impact of this closure will be reflected in Quant’s third-quarter 2023 quarterly report, with a EUR 10.9 million decrease in its contract portfolio.