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)