PRESS RELEASE

Notice regarding Zellstoff Pöls AG Force Majeure

Sunday, 23 March 2014, our pulp mill was affected by an incident. A deflagration occurred at 9:00 pm CET in the recovery boiler 2 of the pulp mill at Zellstoff Pöls. As a consequence our production had to be stopped. Customers have been informed accordingly.
 
No other production at the mill has been affected. There was no impact on the environment nor the neighborhood.
 
“A team of experts is currently in the process of diligently assessing damages, investigating the causes as well as evaluating and implementing recovery plans. At this stage we are not in the position to quantify the time needed to complete repair works”, Gunther Sames, CFO of Zellstoff Pöls stated earlier today.
 
Due to the above occurrence, which was entirely beyond our control, neither foreseeable nor could have been reasonably prevented, we are urged to declare Force Majeure to our valued customers in respect of all supplies not fully completed before that event.
 
“We have a unique status in the industry. Our mill is equipped with a second stand-by recovery boiler 1 - with lower capacity - which was put into operation immediately. This enabled us to resume production again on Tuesday, March 25 in the afternoon. The final amount of pulp production lost cannot be quantified at this stage,” Kurt Maier, CEO of Zellstoff Pöls explained.
 
The brand new paper machine 2 for bleached MG paper has not been affected at all. Starkraft production remains on 100%.

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