| Business Summary | | Mercer
International
Inc.
is
a
pulp
and
paper
company
with
operations
primarily
located
in
Germany.
The
Company
manufactures
and
sells
softwood
kraft
pulp
and
two
primary
classes
of
paper
products.
The
Company's
products
are
produced
from
both
virgin
fibre
(wood
chips
and
pulpwood)
and
recycled
fibre
(waste
paper).
Mercer's
manufacturing
plants
are
all
located
in
Germany
in
the
states
of
Saxony
and
Thuringia.
The
Pulp
mill
is
situated
near
the
town
of
Blankenstein
and
has
an
annual
production
capacity
of
approximately
280,000
tonnes.
The
paper
mills
are
located
at
Heidenau
and
Fahrbrucke
and
have
an
aggregate
annual
production
capacity
of
approximately
85,000
tonnes.
Mercer's
pulp
operations
are
conducted
through
Spezialpapierfabrik
Blankenstein
GmbH
and
its
affiliates
(SPB),
and
its
paper
operations
are
conducted
through
Dresden
Papier
GmbH
and
its
affiliates
(DPAG),
all
of
which
are
wholly
owned
subsidiaries
of
the
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Mercer
International
Inc.
owns
and
operates
a
diverse
pulp
and
paper
business
in
the
southern
German
states
of
Saxony
and
Thuringia.
For
the
six
months
ended
6/30/01,
total
revenues
fell
9%
to
$108.3
million.
Net
income
fell
55%
to
$4.5
million.
Revenues
reflect
decreased
paper
sales
and
lower
pulp
prices.
Earnings
also
reflect
a
$2.6
million
loss
on
foreign
currency
derivative
contracts,
and
government
guarantee
fees
associated
with
these
contracts. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Jimmy Lee, 44 Chairman,
Pres, CEO, Trustee | $220K | R. Ian Rigg, 57 CFO,
Sec., Trustee, Director | -- | Ron Aurell, 65 Managing
Director of Zellstoff-und Papierfabrik Rosenthal GmbH & Co. KG | 132K | Michel Arnulphy, 67 Trustee,
Director | -- | C. Moon, 54 Trustee | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|