Fire at Mercer Stendal Pulp Mill
July 01 2022 - 11:55AM
Mercer International Inc. (“Mercer” or the “Company”) (Nasdaq:
MERC) has announced that a fire has occurred in the woodyard at its
Stendal, Germany pulp mill today.
We currently believe that there have been no
injuries, and that mill personnel and local communities are not in
danger. We are currently assessing the damage which appears to be
isolated to the woodchip storage area and conveyor equipment. Due
to the initial and ongoing containment activities we have commenced
shutdown procedures and will be curtailing pulp production.
More information will be forthcoming as our
assessment develops.
About Us
Mercer International Inc. is a global forest
products company with operations in Germany, USA and Canada with a
consolidated annual production capacity of 2.3 million tonnes of
pulp, 550 million board feet of lumber, and 140 thousand cubic
meters of CLT. To obtain further information on the company, please
visit its website at www.mercerint.com.
The preceding includes forward looking
statements which involve known and unknown risks and
uncertainties which may cause our actual results in future periods
to differ materially from forecasted results. Words such as
"expects", "anticipates", "are optimistic that",
"projects", "intends", "designed", "will", "believes",
"estimates", "may", "could" and variations of such words and
similar expressions are intended to identify such forward‐looking
statements. Among those factors which could cause actual
results to differ materially are the following: the highly cyclical
nature of our business, raw material costs, our level of
indebtedness, competition, foreign exchange and interest rate
fluctuations, our use of derivatives, expenditures for capital
projects, environmental regulation and compliance, disruptions
to our production, market conditions and other risk factors
listed from time to time in our SEC reports.
APPROVED BY:
Jimmy S.H. Lee Executive Chairman of the
Board(604) 684-1099
Juan Carlos BuenoPresident & Chief Executive
Officer(604) 684-1099
Contact
For more information, please contact:
Name: David K. Ure
Title: Senior VP Finance, CFO & Secretary
Phone: (604) 684-1099
email: david.ure@mercerint.com
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