Mercer International Inc. Signs Major Mass Timber Construction Project
March 01 2023 - 4:30PM
Mercer International Inc. (Nasdaq: MERC) today reported that it has
signed its first major mass timber project contract with a large
consumer products retailer. The project, which is comprised of
cross-laminated timber panels, glue-laminated beams and connector
elements, is expected to utilize four months of capacity at
Mercer’s Spokane facility on a one-shift basis over the course of
2023.
Juan Carlos Bueno,
Mercer’s President and CEO stated: "We are delighted to conclude
our first major mass timber contract. Our customer has selected
mass timber for its appearance, structural integrity, fire
resistance, construction efficiency and carbon footprint that only
mass timber construction can provide. We expect that this is the
first of more major projects to come as Mercer’s innovative product
line and services become more recognized in the growing mass timber
construction space."
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:Juan Carlos BuenoPresident and Chief Executive
Officer+1 604-684-1099
David K. UreSenior VP Finance, CFO and Secretary+1
604-684-1099
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