Item 2. Properties
Item 2. Properties
The following table details the material properties we owned or leased at December 31, 2024:
Location by Operating Segment Annual Production Capacity (a)
Owned/Leased
High Purity Cellulose Facilities
Jesup, Georgia, United States 330,000 MTs of cellulose specialties or commodity products
270,000 MTs of commodity products
Owned
Fernandina Beach, Florida, United States 155,000 MTs of cellulose specialties or commodity products Owned
Temiscaming, Quebec, Canada (b)
150,000 MTs of cellulose specialties or commodity products Owned
Tartas, France 140,000 MTs of cellulose specialties or commodity products Owned
Paperboard Facilities
Temiscaming, Quebec, Canada 180,000 MTs of paperboard
Owned
High-Yield Pulp Facilities
Temiscaming, Quebec, Canada 290,000 MTs of high-yield pulp
Owned
Corporate and Other
Jacksonville, Florida, United States Corporate Headquarters Leased
(a) Based on the facility equipment operating under average production conditions. Actual production is impacted by overall equipment effectiveness and market circumstances.
(b) In July 2024, we indefinitely suspended operations at our Temiscaming High Purity Cellulose plant. The Company’s Paperboard and High-Yield Pulp operating segments continue to operate at full capacity. See Note 3—Indefinite Suspension of Operations for further information.
Our manufacturing facilities are maintained through ongoing capital investments, regular maintenance and equipment upgrades. As a result, production capacities may vary from the amounts listed above. These facilities, warehouses, machinery and equipment that we owned or leased as of December 31, 2024 are, with the exception of the Temiscaming High Purity Cellulose plant, in good operating condition and in regular use.
Item 3. Legal Proceedings
As disclosed in Note 22—Commitments and Contingencies to our Financial Statements, we are engaged in certain legal proceedings. The disclosures set forth in Note 22 relating to legal proceedings are incorporated herein by reference.
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Part II
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