Listen Live
HomeRegional NewsNewsCelgar owners release Q2 results

Celgar owners release Q2 results

Another good quarter for Mercer International -the company that owns the Celgar pulp mill in Castlegar.

Second quarter gross earnings were almost $42 million.

That’s over twice the amount from the same quarter last year.

But it’s about $15 million shy of the first quarter from this year mainly due to scheduled maintenance downtime.

President and Chairman Jimmy Lee called the financial results “solid” despite the continuing weakness of the US dollar relative to the euro and the scheduled maintenance.

- Advertisment -
- Advertisment -
- Advertisement -

Continue Reading