Nip Impressions logo
Tue, Nov 20, 2018 19:25
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
WestRock mill in Panama City, Florida still being repaired after extensive damage from hurricane

ATLANTA (News release) -- WestRock Company has provided updated information on the impact of Hurricane Michael on its containerboard and pulp mill located in Panama City, Florida.

The Panama City area has been substantially impacted by Hurricane Michael, and the priority remains the safety and health of our employees and their families. We are pleased to report that all of Panama City mill's employees have been accounted for and are safe. The Company is working to support our team and the community as recovery continues.

As previously reported, the Company's mill in Panama City received extensive damage from Hurricane Michael. Due to the extraordinary efforts of employees, contractors, vendors, our insurance carrier and government officials, the Company has already made substantial progress in assessing the damage and implementing required repairs to return the mill to operation.

The Company expects that the linerboard production system will return to full production capacity within 30 days. Market pulp production is expected to begin by the end of November, but will likely be limited to no more than 50% of the mill's market pulp production capacity for an estimated period of approximately six months. The mill has normal annual production capacity of 353,000 tons of linerboard and 292,000 tons of market pulp.

The total cost to the Company from Hurricane Michael is currently unknown. While the Company maintains property damage and business interruption insurance coverage, there will be a time lag between the initial incurrence of costs and the receipt of insurance proceeds as the Company restores the mill back to normal operations.

The Company will provide an additional update on the status of the mill on its November 5, 2018, earnings conference call.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: