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HomeKootenay NewsCelgar owners report Q1 results

Celgar owners report Q1 results

The owners of the Celgar pullp mill in Castlegar are reporting a slight increase in gross earnings compared to last year despite a stretch of maintenance downtime.

Mercer International’s first quarter results were $61.3 million compared to $59 million during the same period last year.

The Celgar Mill had 14 days of annual maintenance shutdown in this first quarter which resulted in marginally lower pulp revenues and costs of $11.5 million.

However, fiber prices at Celgar were higher due to a demand for chips from Coastal mills.

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