Mercer International Announces Temporary Curtailment of Its Celgar Pulp Mill
22 7월 2023 - 3:30AM
Mercer International Inc. ("Mercer" or the “Company”) (Nasdaq:
MERC) today announced the temporary curtailment of operations at
its Celgar pulp mill located in Castlegar, BC, including wood
acceptance. The curtailment is currently scheduled to become
effective July 29, 2023, until August 28, 2023.
This temporary curtailment results from a
significant loss of rail transport capacity resulting from the
Vancouver port job action. The job action has led to a complete
halt in railcar circulation, severely impacting the mill’s ability
to transport pulp.
President and CEO, Juan Carlos Bueno, expressed,
“Regrettably, we are not able to run the mill economically until
rail operations resume regular services. We currently expect the
curtailment to persist for about a month. We understand the
inconvenience and difficulties this may cause our various partners
and stakeholders, and we will strive to keep all affected parties
informed of any updates as the situation develops.” Mr. Bueno
continued, “We truly appreciate the understanding and support of
our employees, contractors, customers, suppliers, and communities
during this challenging period and are diligently seeking
alternative solutions to minimize any further disruptions."
About Mercer
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, 210 thousand cubic meters of cross-laminated
timber, 45 thousand cubic meters of glulam, 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,
including regarding the expected duration of expected downtime at
our mill, which may cause our actual results in future periods to
differ materially from forecasted results. Words such as "expects,"
"anticipates," "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 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
Juan Carlos BuenoChief Executive Officer
Contact:
For further information and updates, please
visit www.mercerint.com or contact Richard Short, Chief Financial
Officer & Executive Vice President, at (604) 616-3192.
Mercer (NASDAQ:MERC)
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