Peace River grants of $13.0 million helped narrow the loss, and the company expects softwood pulp prices to rise modestly in the fourth quarter.
Mercer International
Holders of more than 87% of the senior notes and a majority of shareholders back the plan, which cuts about $96 million of annual interest and brings in $400 million of new money. Existing shareholders will keep about 8.5% of the new common stock.
The pulp maker skipped a $25.8 million interest payment on October 1 and is negotiating a recapitalization with bondholders.
Pulp production preparations begin as wastewater discharge resumes under environmental authority coordination.
Digester inspections and pulp machine optimization planned during 15,000 ADMT production reduction.
Germany-based pallet manufacturer cites global uncertainty and elevated raw material and energy costs.
German pulp mill's 360,000-tonne NBSK production halted for four-week period.
Crystallization system targets extended recovery boiler maintenance intervals beyond 24 months.