Welcome to our dedicated page for Mercer International news (Ticker: MERC), a resource for investors and traders seeking the latest updates and insights on Mercer International stock.
Mercer International Inc. (NASDAQ: MERC) is a global leader in the forest products industry, specializing in the production of fiber, renewable energy, and chemicals from sustainable sources. As one of the world's largest producers of Northern Bleached Softwood Kraft (NBSK) market pulp, Mercer operates with a substantial annual capacity of approximately 1.525 million air-dry metric tons (admt) across its three state-of-the-art mills located in Canada and Germany. These facilities are renowned for their superior product quality, consistent output, and exceptional service.
Mercer operates through two main segments: Pulp and Solid Wood. The Pulp segment includes the manufacturing, sale, and distribution of pulp, electricity, and chemicals. The Solid Wood segment is involved in the production and sale of lumber, wood pallets, biofuels, and wood residuals. Mercer's operations extend to multiple geographical regions including the USA, Germany, China, and other countries, with the majority of its revenue being driven by its operations in the United States.
Mercer's commitment to sustainability is reflected in its low capital requirements, high efficiency, and compliance with state-of-the-art environmental standards, ensuring that all facilities are net energy producers. The company continues to innovate, focusing on the renewable energy sector and significantly contributing to the global supply of essential human needs.
In recent news, Mercer International announced the dissolution of its 50/50 joint venture in Cariboo Pulp and Paper with West Fraser Timber Co. Ltd. This strategic move allows Mercer to redeploy resources to areas aligned with its long-term focus, enhancing its operational efficiency. The company is led by CEO Juan Carlos Bueno and Executive Chairman Jimmy S.H. Lee.
For live updates and detailed financial and operating highlights, investors can visit the Investor Relations section of Mercer's website.
Mercer International (NASDAQ: MERC) will disclose its second quarter results for the period ending June 30, 2022, on July 28, 2022, after market close. The conference call to discuss these results is scheduled for July 29, 2022, at 11:00 am ET, featuring CEO Juan Carlos Bueno and CFO David K. Ure. Interested participants can access the call by phone or via an online link. Mercer International is a global producer of bioproducts and forest products, with a production capacity of approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber.
Mercer International (Nasdaq: MERC) reported an update regarding a fire at its Stendal pulp mill, which primarily affected the wood chip storage area. The fire has been extinguished, and there was no impact on mill operations. A detailed assessment of damages and a restart plan will be developed, with no set timeline for recommencing operations. The company has property and business interruption insurance covering the incident, subject to deductibles. Mercer operates globally with a significant production capacity in pulp and lumber.
On July 1, 2022, Mercer International reported a fire incident at its Stendal pulp mill in Germany. Fortunately, there were no reported injuries, and both staff and local communities are safe. The fire appears contained to the woodchip storage area and conveyor equipment. As a precaution, the company has initiated shutdown procedures and will reduce pulp production as damage assessment continues. Further updates will be provided as the situation evolves.
Mercer International Inc. (Nasdaq: MERC) announced the tragic passing of an employee at its Rosenthal mill in Germany on June 25, 2022. The company and local authorities have confirmed that the death was not work-related. Mercer activated emergency procedures and is providing support to the employee’s family and affected colleagues. Managing Director Christian Soergel expressed condolences and emphasized the company’s commitment to respect the family’s privacy during this difficult time.
On June 11, 2022, Mercer International Inc. (Nasdaq: MERC) reported a tragic workplace incident at its Peace River mill in Alberta, resulting in the fatality of an employee from an independent contractor. The company is conducting an investigation and cooperating with authorities. Managing Director Roger Ashfield expressed condolences and stated that Mercer’s emergency protocols were activated to address the situation. Mercer is a global producer of forest and bioproducts with significant production capacities across various regions.
Mercer International will participate in the Barclays Leveraged Finance Conference on May 24, 2022, in Austin, TX. Senior VP Finance, CFO David K. Ure will represent the company, sharing insights on its operations. Mercer is a leading producer of forest products and bioproducts, with a consolidated annual capacity of approximately 2.3 million tonnes of pulp, 550 million board feet of lumber, and 140 thousand cubic meters of CLT. The presentation will be available on their website on the day of the event.
Mercer International announced that David K. Ure, Senior VP Finance, CFO & Secretary, will present at the BMO Timber & Wood Products Summit on May 10, 2022, at 2:00 PM ET. The presentation will highlight the company's sustainable bioproducts and production capacities, which include approximately 2.3 million tonnes of pulp and 550 million board feet of lumber annually. Investors can access the presentation on the company's website under the 'Investors - News Releases & Presentations' section.
Mercer International Inc. reported a robust first quarter of 2022, with net income of $88.9 million ($1.35 per share) and Operating EBITDA of $154.5 million, up from $82.0 million in Q1 2021. Total revenues soared by 44% to a record $592.7 million, driven by increased pulp, lumber, and energy prices, alongside strong sales volumes. The company also announced a $0.075 per share dividend payable on July 7, 2022. Despite challenges with rising input costs and global logistics issues, Mercer remains optimistic about pricing trends and its new cross-laminated timber facility's potential.
Mercer International announced the approval of its 35% Greenhouse Gas (GHG) reduction target by 2030 by the Science Based Targets initiative (SBTi), marking it as a leader in the forest and paper products sector. The target, set from a 2019 baseline, aims to reduce Scope 1 GHG emissions per tonne of pulp and absolute Scope 2 and Scope 3 GHG emissions. This initiative aligns with the goals of the Paris Agreement for limiting global warming. Senior Vice President and CFO David Ure emphasized the company's commitment to a net-zero future and collaboration with stakeholders to reduce carbon footprints.
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