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A better financial picture for Celgar owners

A much improved financial picture for Mercer International, the company that owns the Celgar Pulp Mill in Castlegar.

The company reports first quarter net income of $21 million.

That’s compared to a small loss in the same period of 2013.

It says their three mills – including the two in Germany – performed very well and sales volumes increased due to generally strong demand.

However there were lower than budgeted sales from Celgar in March, primarily due to the work stoppage at Port Metro Vancouver.

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