Mercer International Inc. (“Mercer” or the “Company”) (NASDAQ:MERC) has announced that a fire has occurred in the woodyard at its Stendal, Germany pulp mill today.
We currently believe that there have been no injuries, and that mill personnel and local communities are not in danger. We are currently assessing the damage which appears to be isolated to the woodchip storage area and conveyor equipment. Due to the initial and ongoing containment activities we have commenced shutdown procedures and will be curtailing pulp production.
More information will be forthcoming as our assessment develops.