Buckeye Technologies Inc. (BKI) announced Monday morning that its Florida wood cellulose fibers facility near Perry, Florida was shut down on Sunday, June 17. The plant experienced a significant failure of a steam drum on the number 2 paper machine causing damage to multiple drums and structural damage to the paper machine building and structure.
Buckeye Technologies gapped open lower Monday, but was range-bound for the bulk of the session. Shares finished down by 2.63 at $26.47, with volume at over a 10-month high. The stock slipped below a one-month range and set an 8-month low.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.