Archive for May, 2010

NEW FEATURES: How Butterflies Could Help Protect Banknotes

While we often write about security devices that have already been introduced in banknotes, this week we launch the first part in a continuing series called “New Features” looking at features that are in development but have yet to be adopted by the industry. In the world of banknote security, anti-counterfeit technology has to be […]

“At Any Given Time, $200M in Bogus US Bills Is In Circulation Worldwide”

The big business of fake money: The new $100 bill is the U.S. government’s latest bid to stay one step ahead of counterfeiters. How widespread is counterfeiting? At any given time, some $200 million in bogus U.S. bills is in circulation worldwide, authorities say. About $60 million of those fakes circulates through the U.S. each […]

Canadian forestry sector reseeds

Once-moribund industry sprouts new demand and higher share prices. A the adage goes, the best time to plant a tree is 20 years ago; the second best time is now. Ideally, investors planted their money into forestry early enough to see their money grow along with the recent surge in commodity and equity prices. But […]

South Africa Recalls Old R200 Banknotes Due To Counterfeit Concerns

A month before the World Cup of soccer is set to take place in South Africa, the country’s central bank is recalling its old series of 200-rand banknotes citing a huge prevalence of counterfeits as the primary reason for its withdrawal. “This year we have seen an increased number of counterfeit notes,” said Aboobaker Ismail, […]

Turkey To Introduce Biometric Passports June 1

The Turkish Foreign Ministry announced this week that biometric passports would be introduced to the country on June 1. Though all citizens are not required to switch to the new passports right away, those who wish to do so can begin the application process as soon as May 23. Turkey’s biometric passport will contain information […]

Uganda Issues New Banknote Series

For the first time in over 20 years, the Bank of Uganda (BOU) will issue a new series of banknotes. Common security features can be found on the new series such as a watermark, a colour change image and a raised effect on the surface. The notes also feature a windowed thread that changes from […]

FORTRESS PAPER ANNOUNCES ENERGY SUPPLY AGREEMENT WITH HYDRO QUÉBEC FOR THE SALE OF GREEN POWER FROM ITS THURSO MILL

VANCOUVER, British Columbia, May 6, 2010 – Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”) announced today that it has signed, through its wholly‑owned subsidiary, Fortress Specialty Cellulose Inc. (“FSC”), an Energy Supply Agreement (the “Agreement”) with Hydro Québec for the sale of green electricity to be produced at the Thurso Mill upon completion of […]

Specialized Security Features Make Bermuda’s $2 Bill 2010 Banknote Of The Year

Bermuda’s $2 bill has been chosen by the International Banknote Society (IBNS) as the 2010 Banknote of the Year for its “interesting array of security features.” First issued by the Bermuda Monetary Authority (BMA) last year as part of the Island’s redesigned currency series, the $2 note includes such security features as: – a distinctive […]

FORTRESS PAPER CLOSES ACQUISITION TO ENTER THE SPECIALTY CELLULOSE AND BIO-ENERGY SECTORS AND THE ASSOCIATED FINANCING

VANCOUVER, British Columbia, April 30, 2010 – Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”), a leading producer of security and specialty papers, is pleased to announce the successful completion of its acquisition of the assets of a northern bleached hardwood kraft (“NBHK”) manufacturing facility located in Thurso, Quebec (the “Thurso Mill”) from Fraser Papers […]

Solidarity Fund QFL Helps Reopen Thurso Pulp Mill and 290 Jobs Will be Recalled

MONTREAL – With a $15 million investment, the Solidarity Fund QFL (the “Fund”) is playing an active role in the re-opening of the pulp mill in Thurso, in the Outaouais region. The project is part of an acquisition of the old Fraser Paper mill, which shut down in June 2009, by Fortress Specialty Cellulose Inc., […]