Santanol, Mercer’s plantation and distillation company in Western Australia that grows, distills, and sells Indian Sandalwood oil, is known in the fragrance industry for its sustainable practices and high-quality oil. Used in flavour and fragrance, aromatherapy, skincare and pharmaceutical products, Sandalwood adds a luxurious depth and history to its products. But just how do we produce this high-quality oil while maintaining our commitment to Pure. Ethical. Sandalwood? The Santanol plantations were established as part of a global conservation program, with our Research and Development Centre developing methods to grow East Indian Sandalwood trees in the Australian climate. These methods needed to ensure that the trees were protected without compromising the habitat for local wildlife or tampering with the quality of this rare resource – environmental integrity and product integrity work hand-in-hand for material this fine.
Mercer International Inc. (Nasdaq: MERC) today reported third quarter 2021 Operating EBITDA increased to a record $148.1 million from $45.6 million in the third quarter of 2020 and from $83.8 million in the second quarter of 2021.
In the third quarter of 2021, net income was $69.1 million (or $1.05 per basic share and $1.04 per diluted share) compared to $7.5 million (or $0.11 per share) in the third quarter of 2020 and $21.4 million (or $0.32 per share) in the second quarter of 2021.
In the first nine months of 2021, Operating EBITDA increased to $313.9 million from $143.1 million in the same period of 2020. In the first nine months of 2021, net income was $96.5 million (or $1.46 per share) compared to a net loss of $4.3 million (or $0.06 per share) in the same period of 2020.
Mr. David Gandossi, the Chief Executive Officer, stated: “In October, we started up our recently acquired cross laminated timber (“CLT”) manufacturing facility in Spokane, Washington and will be ramping up its production over the coming months. Our CLT facility has an annual production capacity of approximately 140,000 cubic meters of CLT, which represents about 30% of the current CLT manufacturing capacity in North America. We are excited about the potential of this business particularly as the benefits of this product, including environmental benefits, become more well known in the North American market. This business fits well with our core competencies, expands our product mix and moves us further up the value chain.
details at: https://secureservercdn.net/188.8.131.52/4p3.786.myftpupload.com/wp-content/uploads/2021-Q3-Press-Release-Final.pdf