carolinekeddy
Fortress Paper Announces an Acquisition to Enter the Specialty Cellulose and Bio-Energy Sectors
Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”) (TSX:FTP), a leading producer of security and specialty papers, in a major strategic move today announces the signing of an asset purchase agreement (“APA”) to acquire the assets of a northern bleached hardwood kraft (“NBHK”) manufacturing facility located in Thurso, Quebec (the “Thurso Mill”) from Fraser Papers [...]
Fortress Paper Announces Record Fourth Quarter 2009 Results
Fortress Paper Ltd. (TSX: FTP.TO) (“Fortress Paper” or the “Company”) reported net income of $3.7 million for the fourth quarter of 2009 on sales of $51.0 million or diluted earnings per share of $0.35. For the fourth quarter of 2008 the Company reported net income of $2.8 million on sales of $46.3 million or basic [...]
Jennings Capital Raises Fortress Paper Target
Russell Stanley, analyst at Jennings Capital Inc. rates Fortress a “buy,” and has raised his one-year target to $22 a share from $14.50. Fortress Paper Ltd., which makes security and other specialty papers, with mills in Switzerland and Germany expects to have sufficient financing to complete the rebuild of its PMI machine, which is the [...]
REPORT ON BUSINESS: “Turning paper into cash”
Fortress Paper was covered today in the Globe and Mail’s Report on Business. Dave Morris reports on Fortress Paper: At a 125-year-old factory in the shadow of the Swiss Alps, veteran watchmakers, trusted for their keen attention to detail, pore over the drums that will embed detailed watermarks into pristine sheets of paper stock. But [...]
FORTRESS PAPER ANNOUNCES ePASSPORT CONTRACT AND AN UPDATE ON THE PLANNED PRODUCTION INCREASE AT ITS LANDQART MILL
VANCOUVER, British Columbia, January 14, 2010 – Fortress Paper Ltd. www.fortresspaper.com (“Fortress Paper” or the “Corporation”) today announces its inaugural ePassport contract, for approximately two million five hundred thousand units representing estimated aggregate revenues in excess of $10 million over five years. Fortress Paper also announces that its Board of Directors has approved a plan [...]
Energy Efficient Banknotes
We recycle paper, plastic, and glass. But did you know you could also recycle steam? At its Landqart mill in Switzerland, Fortress Paper is doing exactly that. Steam is an important component of creating paper. It’s used as a primary source of heat in the process of converting pulp to paper. While many paper mills [...]
British Business Leaders Demand More Ten Dollar Banknotes
In a prime example of how the demand for banknotes is rising even in a plastic and digital age (see also: Combating Counterfeiting: A Brief History of Security Features ), the Daily Mail reported this week that British business leaders have urged the Bank of England to increase the number of £10 notes in circulation. [...]
Fortress Paper Announces Record Profits
This week Fortress Paper Ltd. announced a 52 per cent rise in quarterly profits, showing that while many companies are struggling during this period of economic downturn, they are thriving. The company – which produces non-woven wallpapers as well as security and specialty papers (such as bank notes) – reported net income of $3.5 million [...]
Counterfeit Money: Still Going Strong
Counterfeit money printing activity continues in several global hot-spots. Chad Wasilenkoff, CEO of banknote-maker Fortress paper, talks about where and how counterfeiters are still successfully plying their trade. In the month of October, U.S. law enforcement officials arrested people in North Carolina, Virginia and Kentucky for trying to use counterfeit money. Earlier this year, the [...]
Helping Protect Financial Integrity
History has shown that our increasing complex financial system faces some unique challenges. Recently, the world of high finance collided with Main Street and the average investor was left to decipher why esoteric instrument such as derivates, swaps, counter-party agreements, packaged subprime loans and credit default swaps were impacting their investments and retirement savings. Overshadowed [...]
Follow Global Paper Security
