Pulp maker Mercer weighs Chapter 11 bankruptcy filing
· Economy · Canada
Canadian pulp producer Mercer International is laying the groundwork for a potential Chapter 11 bankruptcy filing, according to people familiar with the matter. The company has been weighed down by weak pulp markets and debt. A filing would affect its mills and employees in Canada, Germany and the United States, adding to stress in the global pulp and paper supply chain. The company has not publicly confirmed any filing.
Why it matters:A bankruptcy by a major pulp producer would ripple through packaging and paper supply chains already under pressure from weak demand.
Key points
- Mercer is a Canadian pulp producer.
- The company is preparing for a potential Chapter 11 filing.
- Weak pulp markets and debt have weighed on it.
Sources (original reporting)
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