Mercer International Inc. Signs Major Mass Timber Construction Project

Mercer International Inc. (Nasdaq: MERC) today reported that it has signed its first major mass timber project contract with a large consumer products retailer. The project, which is comprised of cross-laminated timber panels, glue-laminated beams and connector elements, is expected to utilize four months of capacity at Mercer’s Spokane facility on a one-shift basis over the course of 2023.

Juan Carlos Bueno, Mercer’s President and CEO stated: “We are delighted to conclude our first major mass timber contract. Our customer has selected mass timber for its appearance, structural integrity, fire resistance, construction efficiency and carbon footprint that only mass timber construction can provide. We expect that this is the first of more major projects to come as Mercer’s innovative product line and services become more recognized in the growing mass timber construction space.”

About Mercer International

Mercer International Inc. is a global forest products company with operations in Germany, the USA and Canada with an annual production capacity of 2.3 million tonnes of pulp, 960 million board feet of lumber, 140 thousand cubic meters of cross-laminated timber, 17 million pallets and 150,000 metric tonnes of wood pellets. For further information, please visit www.mercerint.com.

Contact:

David K. Ure – Senior VP Finance, CFO & Secretary – david.ure@mercerint.com – (604) 684-1099

Source: Mercer International Inc.