Fortress Paper Ltd
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 [...]
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., [...]
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 [...]
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. [...]
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 [...]
Learning more about Landqart
Fortress Paper owns and operates two paper mills in Europe – the Dresden Mill and the Landqart Mill. Each with a specific task, the mills are responsible for Fortress’ output of paper products including wallpaper, banknotes, security paper, and more. This article takes a closer look at the Landqart Mill in Landqart, Switzerland. For over [...]
The Globe and Mail lists Fortress Paper as a prime investment
Over the past few weeks The Globe and Mail‘s Report on Business section has been taking a look at company stocks that tend to do well in the early stages of an economic rebound. According to Globe and Mail analysts, microcap companies – publicly traded companies that have a market capitalization of roughly US$250 million [...]
VIDEO: BNN discusses Fortress Paper’s PM1 upgrade
Last week, Patt Bolland – host of BNN’s Trading Day – talked to Brian Pow, vice president of research and equity analyst for Acumen Capital, about Fortress Paper’s new PM1 upgrade and discussed how this change will have a positive effect on the company’s future. Watch the clip HERE (the Fortress Paper segment begins around [...]
Fortress Paper Announces Signing of EUR 18.5 Million Loan for PM1 Rebuild
Fortress Paper Ltd. (TSX:FTP) www.fortresspaper.com (“Fortress Paper” or the “Corporation”) announces the signing by its wholly-owned subsidiary Dresden Papier GmbH (“Dresden”) of a loan agreement for EUR 18.5 million (CDN $26.5M) with GE Capital Bank AG in connection with the rebuild of Landqart AG’s (“Landqart”) papermachine no. 1 (“PM1″) to produce banknote papers. The loan [...]
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 [...]
