Clearwater Paper Corporation announced the temporary suspension of operations at its Augusta, Georgia paperboard facility and its Shelby, North Carolina tissue facility. This action was taken due to the impacts from Hurricane Helene.
The company reported no serious damage to equipment at either facility. Both locations are in the process of resuming operations, indicating a swift recovery from the storm's effects.
President and CEO Arsen Kitch stated that the top priorities were the safety of employees and quickly ramping up operations to service customers. This highlights the company's focus on operational continuity and employee well-being during the event.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.