Clearwater Paper Says It Temporarily Suspended Operations At Its Augusta, Georgia Paperboard Facility And Its Shelby, North Carolina Tissue Facility Due To Impacts From Hurricane Helene
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Clearwater Paper temporarily suspended operations at its Augusta, Georgia paperboard facility and Shelby, North Carolina tissue facility due to Hurricane Helene. There was no serious damage, and both facilities are resuming operations.
October 02, 2024 | 9:29 pm
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NEUTRAL IMPACT
Clearwater Paper temporarily suspended operations at two facilities due to Hurricane Helene but reported no serious damage. Operations are resuming.
The temporary suspension of operations at two facilities due to a hurricane could have caused concern, but the lack of serious damage and resumption of operations mitigates potential negative impacts. The news is relevant to CLW as it directly affects their operations, but the quick recovery suggests a neutral short-term impact on stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90