Mercer International Inc. Announces Downtime at Its Celgar Mill
January 17 2023 - 5:30PM
Mercer International Inc. (Nasdaq: MERC) reports that, due to a
lack of appropriate fiber availability, its Celgar mill in British
Columbia, Canada, is planning to take approximately three weeks of
downtime. This curtailment is expected to commence in March 2023.
Juan Carlos Bueno, Mercer’s President and CEO,
remarked, "We are disappointed that the current fiber supply
situation — and in particular, the lack of available residual fiber
for pulp — has led us to the difficult position forcing us to
curtail. The continued fiber supply problem is a source of
disappointment for our employees, our suppliers, the Castlegar
region and the province at large. We are hopeful for a resolution
in short order."
Mercer International Inc. is a global forest
products company with operations in Germany, the USA and Canada
with an annual production capacity of 2.3 million tonnes of pulp,
960 million board feet of lumber, 140 thousand cubic meters of
cross-laminated timber, 17 million pallets and 150,000 metric
tonnes of wood pellets. For further information, please visit
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 "plans",
"expects", "intends", "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 and availability, 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. LeeExecutive Chairman(604) 684-1099
Juan Carlos BuenoChief Executive Officer (604) 684-1099
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