Mercer International Announces Temporary Curtailment of Its Celgar Pulp Mill

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 International

Mercer International Inc. is a global forest products company with operations in Germany, the USA and Canada with consolidated 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. To obtain further information on the company, please visit its web site at https://www.mercerint.com.

Contact:

Jimmy S.H. Lee – Executive Chairman – (604) 684-1099

Source: Mercer International Inc.