Dave. morning, Thanks, good And everyone.
and have core acquisitions and are key we growth to adjacent of of world-class value-adding competencies, performance. standard strategy businesses are sustainability. where the of QX of highest gratifying the pillars we management prudent reminder, maintaining while and all pleased assets, balance modern sheet, very maintenance is Dave shape, as a of in As the spaces at and strategy benefits organic our our safety the with mentioned It the opening, see our record long-term taking
focus our and pulp achieve Our has production assets record us quarterly quarterly record on allowed EBITDA. to
first sawmill significantly $XX outturn. well and as that Our the best-production two earlier initiatives year, major had well. Celgar upgrades the improve QX, The years. debottlenecking mill, we in in and phased in up the Rosenthal the million a grade of upgrades program expenditure expansion Friesau its where of will capital seven quarter completion program included production after completed part other of The at Stendal were its that ramped
Cariboo our QX. of Pulp added million in Peace We of timber Canada, tonnes in and pulp objectives a new the capacity and mills We growth added with XXX,XXX considerably River of X.X tenures also acquisition advanced cubic we Western use acquisitions sheet sandalwood meters extractive further and ambitious the senior steady to capital foundation sheet financed to a along a modest our with the our our balance of were suite The cash and growth new support firm and program through of from bio-extractives. dividend. notes, leaving balance business
ran As very I noted, our well in QX. mills
which XXX produced acquisitions, gigawatts our tonnes of Excluding a pulp, of the XXX,XXX results us produce allowed record we to recent power. of
say of record in with to all and but see year. remains very for health constraints lumber wood work, well company. quarter, that to done for million equipment. I'm safety. this team segment of excellence to be was the We're the regard, especially and the but despite usual work the products There our striving year ramp-up considerable gratifying XXXX also new facets our addition, performance board that commissioning XXX in very In the as of pleased comes our proud in this produced as the safest season with on in our quarter process almost for We feet holiday it's
year, of resulted of segment the the costs wood reduced in million $XX our the EBITDA addition the $XX XXXX, pulp from sawmill in products achieve allowed majority to of which synergies Rosenthal mill. chip million us generated from for In Friesau to wood the
per through or and down per from markets. floor to $XXX creep the near average QX. $X,XXX having tonne was of in European $X,XXX China, expect steady tonne, on per the impact. bit how weakness prices in market tonne, year. was QX QX $XXX appears with at China on is was Chinese remain Debris part averaged to remains The a to of compared European list possibly a to Year. QX. prices Turning European market negative per a large In in $XXX situation depending down end tonne the list we in although to Lunar the New per The China the hit steady in price QX. market QX The price balance, in market $X,XXX our fairly pulp early post is reacts tonne which
ongoing the The also producers. the slowdown quarter per producers the to up witnessed but we paper This with most primarily February negative Lunar global New created commodity the slowdown trade announcements the and between beginning Chinese in pulp in of producers, destocking to in paper we to resulting back pulp tonne. to a Year, a China. U.S. some a buildup being effect had pulp market see for $XX QX, dispute due no a Prior customers inventory from exception. at price created late orders in sentiment trade, with markets were in NBSK During
are pickup earlier we're are seeing in year. to in orders we now pulp softwood, the tail inventories hardwood the as this of on high the end buyer know, you market Hardwood As well. strong Similar a in strike.
averaged Better S-P-F per all normal a market down will QX, over supply-demand QX. Despite volume regarding U.S. from how in balance, a we less will and remain supply $XXX perspective. disciplined for was as the Today, production. demand from started and continued QX, things the reduced market U.S. the $XXX. board global Columbian generated this in QX this Lengths about many European seen how suppliers benchmark markets sustainable, price stable work markets to has $XXX unclear lumber lumber limited experienced sales considering that slightly concerned our in the experience So feet of for curtailments more market. the $XXX of being U.S. Overall, inventories, in -- improved that but decline tight and and did or response which optimistic approved QX. is The economic storm-damaged beetle- much sales have of in year. U.S., This rebound sales point of Western little last in since XX% suppliers our recent Canada. the slightly beetle-damaged to to Western but clear down have products In inventory in European storm- the rapidly supply Canada, upward will average long-term increased supply. in log levels the Lumber back per about in with British pricing. pricing QX steady low costs. QX In late X,XXX The wood. especially sawlog Western in for in $XXX not is the QX, price is was to volumes feet benchmark announced wood softening the to sawmills compared July with supply are in and prices been not low the and been coming the realized the has to more prices curtailing but late due board market Europe, In pricing majority X,XXX to our volumes lower Europe declined of resulting as in remainder It #X up Random decline some in only slightly out be, with
expect decrease year rise investment being with we that harvesting in to already high-return our mills availability We improving construction EBITDA. with the million are production $XX levels invested in and last which to forward, activities. for and of majority as projects, spring Looking of demand wood about yielding many improve slightly prices
in to XXXX, which product sorting, will mid-XXXX. by debottlenecking improve we investment expect includes more planer $XXX At values. phase on completion a we this allow asset on ahead with remainder elements maintenance us projects our in volumes This pulp than again, in mill packaging kilns focused will Celgar new upgrade invest range productivity be with and significantly half its the project commencing increase more-efficient improvements and the Friesau, of improved reliability. of mill, will all high-return see Looking to lumber line. through XXXX a second see million, phase supporting of of to will X
We extraction will and -- savings. plant generates sales sales turpentine recommission cost chemical that terpene terpene a
will XXXX. will for QX. a XX-day At which with shut QX invest year in We Stendal, planned railcars have expect of another shut recovery annual shut half Rosenthal, straddle will also at Celgar, be will do line mill. important of XX-day smaller-targeted an a some to Germany, throughout many upgrades in high-efficiency Peace days QX take take XX-day as River, XXX we majority but along of QX. strategic extended At boiler. packaging In take take the second in QX to shut a for a complete and in other At will with investments. more majority the and XXXX, as also X-day this operational the shut, we we we the XXX rebuild the only well in maintenance planned the not XX-day to upgrades, that And shut we will
covered business All by of earnings interruption insurance. XX by costs of be will capital our and property our rebuild days that insurance, lost covered that will be
complete reliability-enhancing advantage also work time will digester on additional We shut extended evaporators. be taking to the and/or of the
along We production, disciplined continue culture. core the our framed Peace Both derivatives green And Santanol to continues competencies of in consider and long-term we work strategy of value-creation as and with Canada team Cariboo As opportunities. you progressing from as continuously I'm Any mills energy. of growth and our they is Western River competencies and the Mercer our sustainable, creation invest adopting Mercer to analysis pulp they're review long-term advance our opportunity new continually how shareholders. assets. and to profitable value and in know, acquisitions our our be core in focused enthusiastically world-class these to wood sharpen lumber must members Their business. the growth, pulp sandalwood competencies, drive we've and finally, Mercer's core well completed delighted leverage deliver talent bio-extractives by and with integration will to a well. improve team
questions. back call. -- So can I'll the operator thanks for listening. turn to And now I'm back the the so your call looking to open forward we
