- Glatfelter (GLT) is out with an update on its assessment of the damages caused by the August 7 fire at its Gatineau, Canada facility.
- One airlaid line is damaged and will be down for between two and four weeks.
- Finishing and shipping ops were not affected and there should be "no significant financial impact from this incident as it is expected to be covered by insurance, subject to a deductible of $750K."
- Nevertheless, Q3 results may be impacted by an estimated 600-1K metric ton reduction in shipments. (PR)
Modest impact on Q3 shipments for Glatfelter after fire
Aug 12 2013, 16:45 ET