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Fortress Paper Announces Second Quarter 2011 Results
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 8, 2011) – Fortress Paper Ltd. (TSX:FTP) (“Fortress Paper” or the “Company”) reported 2011 second quarter EBITDA of $4.6 million on sales of $90.3 million. For the first quarter of 2011 EBITDA was $1.0 million on sales of $85.5 million and for the three months ended June 30, 2010 EBITDA [...]
The Central Bank of Swaziland (CBS) will upgrade the entire series of banknotes.
Starting with the E100 note, the Central Bank of Seaziland will role out the banknote upgrade in stages. The banknotes available locally are E10, E20, E50, E100 and E200. As all monies in circulation locally are deposited with the CBS, the old currency is expected to be phased out gradually. Governor, Martin Dlamini said [...]
Fortress Paper Announces $40,866,500 Bought Deal Offering
VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 8, 2010) Fortress Paper Ltd. (“Fortress Paper” or the “Company”) (TSX:FTP), announces that it has entered into a financing agreement with a syndicate of underwriters led by Dundee Securities Corporation and including Jennings Capital Inc., Raymond James Ltd., and TD Securities Inc. (the “Underwriters”). Pursuant to the agreement, the Underwriters have [...]
FORTRESS PAPER ANNOUNCES EQUIPMENT PURCHASE FOR ITS THURSO MILL
VANCOUVER, British Columbia, June 7, 2010 – Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”) announces the signing of a purchase agreement by its wholly owned subsidiary, Fortress Specialty Cellulose Ltd. (“Fortress Specialty”) with Stora Enso Oyi Cellulose Inc. to acquire digesters, specialized process equipment and other ancillary equipment to be used in the conversion [...]
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 [...]
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 [...]
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 [...]
FORTRESS PAPER TO RELEASE FIRST QUARTER 2010 EARNINGS
Vancouver, British Columbia, April 27th, 2010 – Fortress Paper Ltd. (“Fortress Paper” or the ”Corporation”) announced today that it intends to release its first quarter financial results for the period ended March 31, 2010 after the close of the market on Tuesday, May 11th, 2010. In connection with the release of its results, Fortress Paper will host a [...]
$18M infusion for Thurso pulp mill
The Thurso pulp mill is hoping for a second life with the approval by Hydro-Québec of a cogration project using wood waste to produce electricity for the state-owned utility. Vancouver’s Fortress Paper Inc. will invest just $18 million of its own money for the $153 million conversion of the mothballed Thurso pulp mill near Gatineau, Que., [...]
Rayon is Fortress’s True Story
Most investors cringe and run when they learn that the company they’ve invested in is abruptly changing course. That explains why Fortress Paper shares were bruised last Friday, after the company announced that it was buying a pulp mill from a bankrupt operator in Quebec. Fortress is a smart little company that literally makes money. [...]
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