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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 [...]
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 [...]
Pulp And Paper Canada: “Fraser Papers Exits Canadian Scene After Six Years”
TORONTO — Fraser Papers has completed the sale of its two Canadian mills, located at Thurso, Que. and Edmunston, N.B., in two separate transactions, leaving the insolvent paper company with no Canadian pulp and paper operations. The Thurso mill was sold to Fortress Paper. The Edmunston facility was sold as part of the specialty papers [...]
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 [...]
$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., [...]
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 [...]
Czech National Bank Says “No” to Ads on Banknotes
In what may seem like an obvious decision, the Czech National Bank (CNB) has declared placing ads on banknotes “unlawful.” The statement stems from what was supposed to be a one-off gift of sorts from a Czech company called Vedici to its employees. As a unique way of congratulating its employees upon the completion of [...]
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 [...]
