UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
the month of September 2007
Masisa
S.A.
(Exact
name of registrant as specified in its charter)
Masisa
S.A.
(Translation
of Registrant's name into English)
Av.
Apoquindo 3650, Piso 10, Las Condes
Santiago,
Chile
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover
Form
20-F
or Form 40-F.
Form
20-F
x
Form
40-F
o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
o
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under Securities Exchange Act of
1934.
Yes
o
No
x
If
"Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_____
Item
1.
Significant Event issued by Masisa S.A on September 27, 2007.
Santiago,
September 27, 2007
Mr.
Superintendent
Superintendency
of Securities and Insurance
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(Securities Registry
N°825)
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Dear
Sir,
Pursuant
to what is laid down in article 9 and the second sub-paragraph of article 10
of
Law Nº18.045 on the Securities Market and in General Regulation Nº30 of the
Superintendency of Securities and Insurance, and duly empowered to such effect
by the Board of Masisa S.A. (hereinafter referred to as “Masisa”), I hereby
inform you of the following
significant
event
concerning Masisa and its business:
An
ordinary board meeting of Masisa, held on September 26, 2007, approved the
construction in Rio Grande do Sul, Brazil of (i) a medium density particleboard
(“MDP”) mill with a production capacity of 550,000 cubic meters per annum and
(ii) a melamine line with a capacity of 220,000 cubic meters a year. The project
totals an industrial investment of approximately US$119 million.
This
investment will be financed with Masisa’s own resources and debt.
Yours
faithfully,
Enrique
Cibié Bluth
CEO
Masisa
S.A.
Item
2.
Press release issued by Masisa S.A. on September 27, 2007:
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For
further information, please contact:
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Investor
Relations
(56
2) 350 6038
investor.relations@masisa.com
Internet:
www.masisa.com
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PRESS
RELEASE
Masisa’s
Board approves plant construction in Brazil
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§
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Masisa
Brasil will complete its product mix with the production of Medium
Density
Particleboard (MDP), and will make the full offering of wood panels
now
produced by the Company in the
country.
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§
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This
new mill will mainly supply the domestic market in
Brazil.
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Santiago,
September 27, 2007. - MASISA S.A. (NYSE: MYS) (hereinafter referred to as
“Masisa” or “the Company”)
, in an ordinary board meeting held
yesterday, September 26, approved the construction of an MDP mill in the city
of
Montenegro, in the state of Rio Grande do Sul in Brazil.
This
investment envisages production of 550,000 cubic meters of MDP a year and
includes a melamine line with a capacity of 220,000 cubic meters a year. The
project totals an industrial investment of approximately US$119
million.
“This
investment is a great opportunity for Masisa to boost its presence as a major
player in the Brazilian market, virtually doubling our production capacity
in
the country,” said Enrique Cibié, Masisa’s CEO.
The
start-up of this new project, which will mainly supply the Brazilian market,
is
scheduled for late 2009.
Masisa
Brasil will complete its product mix with this new MDP production line,
incorporating the full offering of wood panels produced by the Company.
“The
Company is constantly analyzing different opportunities that arise in the region
to grow, maintain and consolidate its leadership in each of the countries where
it is present,” Cibié said.
Masisa
currently has two plants in Brazil, a distribution network of 40 “Placacentros”
(licensed retail outlets) and approximately 17,000 hectares of forest
holdings.
About
Masisa
Masisa
is a leading furniture and interior architecture board production and marketing
company in Latin America. It has forest assets throughout most of the region,
thereby guaranteeing the raw material for the board business. Masisa’s value
proposal is to be a reliable brand, close to all its stakeholders, anticipating
market needs by means of product and service innovation, and operating
responsibly towards society and the environment.
The
Company has 13 productive plants in Chile, Argentina, Brazil, Venezuela and
Mexico, all of which must have ISO 14.001 and OHSAS 18.001 certification. It
is
currently building an MDF mill in Cabrero, Chile, which will have a capacity
of
340,000 m
3
a year and will be the Company’s largest mill in Latin America and mainly supply
the foreign market.
Masisa
has three other business units that operate in synergy with the core board
business unit: forestry, solid wood and retail, which generate value and make
the Company more competitive.
Masisa
is a publicly traded corporation and its shares are traded on the Santiago
Stock
Exchange and the New York Stock Exchange (NYSE:MYS) by means of ADRs.
The
company had total sales of US$886.5 million in 2006.
Forecasts
and Estimates
This
press release may contain forecasts, which are different statements from
historical facts or current conditions, and include the management’s current
vision and estimates of future circumstances, industry conditions and the
Company’s performance. Some forecasts may be identified by the use of terms such
as “may,” “should,” “anticipates,” “believes,” “estimates,” “expects,” “plans,”
“intends,” “forecasts” and other similar expressions. Statements about future
market share, projected future competitive strengths, the implementation of
significant operating and financial strategies, the direction of future
operations, and the factors or trends affecting financial conditions, liquidity,
or operating income are examples of forecasts. Such statements reflect the
current management vision and are subject to various risks and uncertainties.
There is no guarantee that the expected events, trends or results will actually
occur. These statements are made based on many assumptions and factors,
including general economic and market conditions, industry conditions and
operating factors. Any changes in such assumptions or factors could lead to
the
current results of Masisa, and the projected Company activities, to materially
differ from current expectations.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date:
September 27, 2007
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Masisa
S.A.
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By:
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/s/ Patricio
Reyes
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Patricio
Reyes
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General
Counsel
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Masisa (NYSE:MYS)
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