Mercer International Announces Temporary Curtailment Of Its Castlegar Pulp Mill Scheduled To Become Effective July 29, 2023, Until August 28, 2023
Portfolio Pulse from Happy Mohamed
Mercer International Inc. (NASDAQ:MERC) has announced a temporary halt in operations at its Celgar pulp mill in Castlegar, BC, from July 29, 2023, to August 28, 2023. The curtailment is due to a significant loss of rail transport capacity resulting from the Vancouver port job action, which has led to a complete halt in railcar circulation, severely impacting the mill's ability to transport pulp.
July 21, 2023 | 6:31 pm
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The temporary halt in operations at Mercer International's Celgar pulp mill due to a loss of rail transport capacity could potentially impact the company's production and revenues in the short term.
The halt in operations at the Celgar pulp mill, which is due to a loss of rail transport capacity, could potentially lead to a decrease in production and revenues for Mercer International. This could negatively impact the company's stock price in the short term.
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