Mercer International Inc. Announces C$20 Million (Approximately US$14 Million) in Government of Canada Support for its Peace River Mill
Mercer International announced that the Government of Canada, through Prairies Economic Development Canada, has committed C$20 million (approximately US$14 million) in financial support to its subsidiary Mercer Peace River Pulp Ltd. under the Regional Tariff Response Initiative.
Why it matters — The government funding provides financial support to Mercer's Peace River pulp operation under a tariff response program, which may help offset costs related to trade measures.